Forum Discussion

lannguyen's avatar
lannguyen
2 years ago

issue with INVENTORY VALUE

Dear Sir or Madam   I have no idea why the value of INVENTORY ITEM is like this.  It affects  the Value of EQUITY and the whole financial report   Could you help me with this?      
  • gavin12345's avatar
    gavin12345
    2 years ago

    Hi lannguyen 

     

    You will need to send the file to MYOB to get fixed. I have seen this several times before - though your inventory figures are over ten trillion dollars!

     

    There are several bugs in the software when it comes to inventory. In the cases I have seen, a client had an invoice for a few items costing less than $100. They then edited the invoice. Due to some bug this 'tripped' the system and MYOB generated a COGS figure of several million dollars. Each time they tried to edit or delete the transaction, the figures got larger and larger, over $40m. They had several invoices where this same thing happened - exact cause is unknown. Seems to be what might be happening here.

     

    This client sent the file to a 3rd party to get fixed.

     

    Best of luck getting this fixed. Otherwise your financial statements will look like a governments budget document - $2 trillion in debt!

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User
2 years ago

Hi lannguyen 

 

You will need to send the file to MYOB to get fixed. I have seen this several times before - though your inventory figures are over ten trillion dollars!

 

There are several bugs in the software when it comes to inventory. In the cases I have seen, a client had an invoice for a few items costing less than $100. They then edited the invoice. Due to some bug this 'tripped' the system and MYOB generated a COGS figure of several million dollars. Each time they tried to edit or delete the transaction, the figures got larger and larger, over $40m. They had several invoices where this same thing happened - exact cause is unknown. Seems to be what might be happening here.

 

This client sent the file to a 3rd party to get fixed.

 

Best of luck getting this fixed. Otherwise your financial statements will look like a governments budget document - $2 trillion in debt!

 

Regards

Gavin

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