I have an invoice that was billed with an invalid cost. It should have been billed with a zero cost amount. I issued a credit with with original cost - I then changed all the cost fields to zero and rebilled the item but it still pulled up the original cost. What can I do?
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Need to change cost to zero for a posted invoice 1
- Thread starter sting6
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The cost on an invoice will depend on your valuation.
Are you taking the item out of inventory?
Dawn
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Are you taking the item out of inventory?
Dawn
Visit Sage's Online Community
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- #4
There is no cost because the items sold were aquired for free.
however there is normally would be a cost on this item. The valuation would normally be FIFO. I could consider the cost at a $.01 if the system doesn't like zero. Because they were sold at the wrong cost the GL reports is reporting a loss when there was actually a profit.
however there is normally would be a cost on this item. The valuation would normally be FIFO. I could consider the cost at a $.01 if the system doesn't like zero. Because they were sold at the wrong cost the GL reports is reporting a loss when there was actually a profit.
- Thread starter
- #5
You should be discussing this with your reseller. For FIFO MAS maintains costing tiers. For Lot and Serial it keeps cost by lot and serial numbers. If the items were aquired for free and brought into the system with zero cost then there is nothing else you need to do.
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