Hello, I have a problem with product cost update but profit not update as usual. Say i put Product Cost 100$ and Product Price 150$. So profit will be (150$-100$) 50$ and SMA calculate profit 50$ Ok. But when i Edit and update Product Cost 100$ to 120$ and Product Price same 150$, So profit will be (150$-120$) 30$, but profit remain 50$ as before. Please help to solve the problem.
Product cost price can increas or decrease time to time. For this problem i can not edit products cost price as there is no effect.
I have using the v3.4.29 version
One year ago i posted the problem and have some conversation with your team But not solved. Pls check the link:
Regards
- MSAnswered
This is not the bug.
The previous costing won’t have any effect of changing product data.
Yes, the product cost will change time to time and that will effect your future sales not the previous sales.
Please correct me, if I am wrong.
- SMAnswered
Hello Mian Saleem, Thanks for your replay. Yes previous sales not effect but how can it be solved on future sales, as profit and loss is directly depends on it and we do not get correct profit or loss if products cost change time to time. Is there any solution for this. Best Regards.
- MSAnswered
The future sales will have profit calculated as per your accounting method.
The costing is calculated on add sale according to your accounting method in system settings. Please refer to docs for accounting methods details.
- SMAnswered
Hi, Accounting method in system setting control profit calculated this not the concern i mention. My concern is product cost change time to time effect on daily and monthly profit, how can we calculate currect daily or monthly profit if cost change time to time? Please correct me, if I am wrong about my concern. Best regards.
- MSAnswered
I have told you the costing is calculated on the add sale. Daily and monthly profit is calculated as per costing and will have no effect on previous data on any other change/update. I can’t explain, you need to test on live demo.
- Add product
- Purchase it (1 quantity)
- Sell it (1 quantity)
- Purchase it again with different cost (1 quantity)
- Sell it again (1 quantity)
OR any other way that make sense to you. New sales will use new cost as per accounting method.
There is nothing to change for future sales as those will have costing calculation for new cost as per accounting method. If there is any issues, please let me know the steps to replicate with your accounting methods.
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