Whether you’ve discovered a data entry error, either for cost or quantity, or you receive a revision, such as a credit memo, you can easily update the costs for dry goods or packaged goods.
If you have created (raised) a purchase order, especially for dry goods you can update/change costs on received items by editing the Purchase order. Click here to learn how to do the correction at the PO level.
If, however, you didn’t use a purchase order, you may correct unit costs, and/or quantity by correcting the stock receival.
Do a quick search or inventory search for your stock item and go to the History tab.
The history initially displayed is for the previous 3 months. You may adjust the time period by deleting/changing the start date, end date, or removing them both (this will give you the full history).
Locate your “Receive” event.
Click the View button to open the “Receive” operation and then the Correct button to make changes.
Provide the reason for the correction and save.
For more information on costing, click here.