Inventory Issues
Hi, I am currently having an issue witht he value of some of my stock. We buy a product from a company as a Z-KFE-1728-CH then when we sell one we build the product to a KFE-1728-CH. When we first started selling the products the company were still working out the price we would pay for the product so the first 4 months or so we put a zero value in the builds. Then when we started adding a value $517.39 in it would calculate the value at a higher price and staff did not adjust this to the right value. Hence now for this Z-KFE-1728-Ch product we now have a value of $99,526.42 for 64 items. as we pay $517.39 for each item the value for 64 should be $33,112.96. Snapshots attached below. After calling MYOB multiple times they suggested I do an adjust inventory for the difference in the two amounts ie $66,413.46. This made the current value correct. I also had to do this for 2 more products in the same company. The problem is now my account is saying the adjustment which equalled about $260,000 is throwing out our profit and loss so I have to delete the adjustments. The accountant suggested going back through each build to change the prices to the correct amount. This does not work because then I keep getting the error message saying your inventory or value can not be zero. Is there anyone out there who can help me with this? Or suggest a MYOB expert in Brisbane who could come and help me? DePezSolvedReceive Consignment Stock
Hi, I am trying to receive consignment stock, however i keep getting the following Error: Unable to Save Your changes can't be saved because information in this record was modified in another window or by another user. Please reopen the record to make changes. I have closed the transaction, and reopened this several times and still get the same error. no other staff member has accessed this Order.Inventory on hand discranpacy
The inventory on hand Qty shows differently based on the reports as of the same day and need some assistance to clarify which report shows correct information. *When I open the attached Item register and click print shows a different on hand Qty for item#12003. which I would like to know whether this is an error of the system or not. Also, I would like to learn whether any reports exist to show transaction journals based on the location. Thank you.Item Information Page Missing clickable arrows
Good afternoon I used to be able to see the blue clickable arrows in the items information page which takes me directly to the items register, see snippet below, first snippet is from my desktop and the second snippet is from my colleagues. Have I accidentally switched a setting off? How can I get this setting back?SolvedInventory Build Items - unit cost not entered
I have found a "Build Items" entry in MYOB where the unit cost of the items was not entered. I have tried to amend the "Build Items" entry and add the unit cost. It is not showing as out of balance, but when I go to save the change, I am getting an error "the value of your inventory may not be lass than zero". Any suggestions on how I can amend to add in the unit cost? Screenshot attached. Thanks in advance.Current value of an inventory item discrepancy between items register report and items register
Hi friends. We have a weird issue with some of our inventory. For some reason the value of certain items is overstated by thousands of dollars. If you look at this screenshot below it shows the Items Register report for an item. The first transaction on 14 March 2024 we buy 11,040 units of it for $7,838 and it correctly shows the overall value to be $7,838. However in the Items Register it shows the current value to be $12,544.90. I can't understand how (a) the value is that high when it should just be $7,838 and (b) how the Items Register could be showing one value and the Items Register report is showing another value. Any ideas?Inventory count issues
I have the inventory however some items are not showing up on basic reports or in the product detail - just on the Items Register Report. (I've read of similar issues - maybe as we have dated the purchases earlier in the year). The stock is there and we cannot see it if we open the product detail or do an Analyse Inv report. Help!Inventory Quotes - COS or Asset Account
Hi, Accounts used: 5-0501 Cost of Goods Sold - Inventory (Profit & Loss) 1-1801 Inventory 2 (Balance Sheet) We have a client who create quotes (adding a job to it). He uses a COGS account eg. 5-0501 when the quote is created - this means the stock is going through the profit and loss, but it should not hit the P&L yet as the goods are not sold yet. A suggestion by their head office is to use another Inventory account eg. 1-1801 Inventory 2 and keep all the stock in here until such time as the quote is converted into a Bill. The reason for using the COGS 5-0501 account is to be able to "get the stock out" linked to the spesific job number and to add the labour component to the bill as well. What is the best way to deal with this: 1. have the stock coded to the liability account 1-1801 Inventory 2 and then journal the total out to the COGS 5-0501 at month end/when the quote is converted into a bill OR is their a better way to do this automatically in MYOB? Do not want to create unnecessary journals? 2. Should the stock be coded to the 5-0501 account when the quote is drafted and then work the other way around by adjusting the stock to 1-1801 at month end?