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Re: COGS and part setup
- Subject: Re: COGS and part setup
- From: Charley Tiggs <..hidden..>
- Date: Sat, 31 Mar 2007 10:39:02 -0400
Just to confirm:
To make a retroactive vendor invoice, I populate it with the necessary
parts and I put in a date prior to when the first order was ordered,
Will it go in and backfill the costs of goods on those orders that did
not have the cost of goods previously? We've been manually adjusting
cost of goods so that the books stay balanced, ever since we discovered
Chris Travers wrote:
COGS is tracked on a FIFO model. puts items you purchase into a queue
and then allocates them as you sell them. This can be retroactive.
Most likely, you are selling a part before adding a vendor invoice to
it. Once the vendor invoice is added, COGS should appear :-)
On 3/30/07, Charley Tiggs <..hidden..> wrote:
I have a question about cost of goods and setting up parts in LSMB.
One of those glitches is that, when we view the journal, cost of goods
is not always populated and I'm having a devil of a time tracking it
down. So, when setting up a part, what is necessary in terms of making
sure cost of goods is populated? I thought it was "Last Cost" but,
having filled that in with the appropriate cost, it still isn't
populating the journal on certain products.
Any ideas on where to begin looking would be much appreciated.