Topic: How to effect new purchase price when there is a change from vendor
You are doing a great job. I really appreciate your effort.
I have a very serious problem with FA. When we started using it in May 2010, I entered all the product we sell and their purchase and sales prices. After about a month, one of our vendors reduced the prices of their products which inverably means that there will be a reduction in the purchase price we entered previously and also the sales prices of their products. So what I did was to go to Item and Inventory then purchase price and change the affected product and also go to the sales price and change the price of the affected products.
This happened about 2 occasions.
last saturday, we tried to look into the profit that the business has made. when i printed the report, I discovered that from may till date, all the price it used to calculate the profit of the business is the présent price I entered two weeks ago. what do I do.
Also when I looked at the invoice, it has the exacted prices with which we used to sell at as that time but when I go to Inventory Sales Report to print all the report to date, I get a report where the purchase price used for all the calculation is same as the latest purchase price i inputed.
Please help me.