Current value of an inventory item discrepancy between items register report and items register
Hi friends. We have a weird issue with some of our inventory. For some reason the value of certain items is overstated by thousands of dollars. If you look at this screenshot below it shows the Items Register report for an item. The first transaction on 14 March 2024 we buy 11,040 units of it for $7,838 and it correctly shows the overall value to be $7,838. However in the Items Register it shows the current value to be $12,544.90. I can't understand how (a) the value is that high when it should just be $7,838 and (b) how the Items Register could be showing one value and the Items Register report is showing another value. Any ideas?
Inventory doesnt equal COGS -recap transactions (sales invoice)
How do I go about getting actual help fromMYOB. I have called, had multiple phone calls and discussions, only to be given a generalised message from someone who clearly doesn't have an accounting background. When we post a sale for 2 particular product lines, the Inventory amount is correct in "recap transactions", however the COGS does not align with the inventory amount ( it is understated), so by default the balancing amount Sales therefore is incorrect. That means the sales doesnt gross up to align with what you might have manually calculated if you added up the amounts on the invoice. The so called support people who have emailed me and translated what someone else has told them, tell me thatMYOBCOGS can be based on average cost. Great, I dont have an issue with Fifo or average cost, however COGS cant be based on some other random number. If the recap transaction shows $2400 of underlying inventory (and I can prove it in the backend), then COGS cant be $400, it has to be equal toMYOBinventory Is there any way I can speak to someone.
Item Information Page Missing clickable arrows
Good afternoon I used to be able to see the blue clickable arrows in the items information page which takes me directly to the items register, see snippet below, first snippet is from my desktop and the second snippet is from my colleagues. Have I accidentally switched a setting off? How can I get this setting back?
I Inventory.
Afternoon, the company I work for hasn't utilised Inventory at all really, they have no stock entered, so no products have the "I Inventory" box ticked. Could someone please tell me if I have to go into every single product then tick the I Inventory section, or can this be done by exporting then change this on the report and import it back into MYOB?? We are hoping to start this as of July 1st.
Inventory count issues
I have the inventory however some items are not showing up on basic reports or in the product detail - just on the Items Register Report. (I've read of similar issues - maybe as we have dated the purchases earlier in the year). The stock is there and we cannot see it if we open the product detail or do an Analyse Inv report. Help!
