Re: Standard Cost Changes and as such result to Negative Profit in Report
I am most grateful for your prompt reply. I will attach the report for you to see. Then I am thinking I will install the latest version maybe version 2.4.10 or 2.4.11 and get my opening balances and enter them and start afresh.
When I do this, do I still need to enter any standard cost or I just enter the purchase prices and the selling prices and let the software do the calculation for Standard Cost or I just enter a standard cost which can be changed say once or twice yearly.
With these scenarios, what will be the resultant effect on this very report "INVENTORY SALES REPORT". This report is very critical to our business as it tells us what Product is fast selling and what product we make good profit.
I will be expecting your reply.