Question: Wrong Profit And Product Cost

Wrong Profit And Product Cost

refer to the attachments below, i have the system on local host , however , i have wrong product cost and wrong profit on some days, eg in this month i have wrong data on 7 days , refer to t

MM

mohamed moha

Asked

refer to the attachments below, i have the system on local host , however , i have wrong product cost and wrong profit on some days, eg in this month i have wrong data on 7 days , refer to the below attachments, on 27th , the data is very wrong by large margins , on 28th it is correct. its confusing

  • MM

    mohamed moha

    Answered
  • MS

    Mian Saleem

    Answered

    Hello,

    I guess you are using AVCO method. There is products with wrong avg cost that was sold on the 27.

    You can select the products on listing page and then select Set Average Cost for all products. Then you need to monitor this.

    I am trying to resolve the AVCO issue in the re-write for the next major release of v4.

    Thank you

  • MM

    mohamed moha

    Answered

    thank you, for my accounting am using FIFO, not average cost

  • MS

    Mian Saleem

    Answered

    FIFO should not cause such error? Did you investigate and found the product with high cost?

  • MM

    mohamed moha

    Answered

    All my products are fine, am still investigating the issue , all the products sold that day have correct product cost.

  • MS

    Mian Saleem

    Answered

    That’s strange, there should be a product with high cost.

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