Multi Currency Sales Invoice
I have been searching the forum but could not find anything on this issue, which makes me doubt my sanity... :) When I create a sales invoice in AUD, our local currency, our selling price is AUD58. When I create a sales invoice in SGD, the selling price is still 58, but now SGD58. When I create a sales invoice in MYR, the selling price is still 58, but now MYR58. When I create a sales invoice in ZAR, the selling price is still 58, but now ZAR58. I can't change the local currency on the create invoice screen which is the field that gets converted. So now I sell my item for: AUD18.54 in Malaysia AUD64.74 in Singapore AUD4.76 in South Africa!! That is less than my cost price. Why doesn't the system pick up the local currency selling price and converts the foreign currency to match the selling price?
Stock on Hand qty not correct
Hi, I hope someone can assist me with my Item Stock on Hand balance please. I set up a new item in May-23 and entered an initial purchase with qty 40,000 which shows correctly in the Items Register [Detail] report, with an on hand qty 50,800 (Scan1). When I look at the Item Information it is showing only 800 QoH (Scan2) and I can't process an adjustment to reduce total by 3,000 used. I don't understand where the 800 QoH figure is coming from, any ideas please? The value of the asset account for stock appears to be correct but the On Hand count in the Inventory Value Reconciliation also shows qty 800 for this item. Thank you.
Inventory Account balance not changing after inventory adjustment
Help please, i have started a new business and using account 19 premier. We did a stock adjustment to bring in the opening inventory - we did an import file. It imported all fine. When i look at inventory in MYOB - i see stock on hand, and i see each item has a value. Everything looks good. When i checked the balance of the inventory account in the chart of accounts the balance was $0. Very confused, i went and checked the transaction journal, and I see the value of the inventory we bought in, then an equivalent value credit applied. Have i done something wrong? Why is this credit there, i dont recall doing anything that would have resulted in this. Screen shot attached. I did the import un a few chunks of data, and each and every data import has a credit that matches the value import 100%. Surely i have missed a step. Account Right - desktop version.