62
Inventory was reduced by sales price not cost price.
QuickBooks Pro for Windows: 2009
10/9/09 10:40 AM
Total Views: 61
10/9/09 10:40 AM
Total Views: 61
When I posted an invoice my inventory amount was decreased by the amount of sales instead of the cost. I have the correct amounts in the cost field and the sales price fields. What happened and how can I fix it?
All Replies: Answers (2)
Rating 0
Answer
11/5/09 3:37 AM
This happens when you don't have the purchase info in QuickBooks.
Even though you have setup the cost field, you still need to post the entry of buying that product. .. or and inventory value adjustment.
Be careful to post the purchases with a date previous to your invoice date.
Laura D
When in doubt, make a backup first!!
*****
Cents-able Bookkeeping, LLC
www.centsablebookkeeping.com
http://proadvisor.intuit.com/r...
*****
Cents-able Bookkeeping, LLC
www.centsablebookkeeping.com
http://proadvisor.intuit.com/r...
Rating - 1
Answer
11/5/09 3:41 AM
Oops - I didn't see that you are using Point of Sale.
In POS, you have to enter a receiving voucher for purchasing. Make sure this is dated before selling that product.
Laura D
When in doubt, make a backup first!!
*****
Cents-able Bookkeeping, LLC
www.centsablebookkeeping.com
http://proadvisor.intuit.com/r...
*****
Cents-able Bookkeeping, LLC
www.centsablebookkeeping.com
http://proadvisor.intuit.com/r...
