POS thinks I didn't pay for my initial inventory, and all EOY reports list the "ext cost" as zero. This is messing with my margins and COGS. Help!
When I opened my store last summer, I started with inventory that had been paid for months or years before (long story). I thought I would skip the "receiving" step and just set up the items and manually enter the stock on hand (I did this via the style editing box -- all our inventory comes in 20+ sizes and multiple colors). Unfortunately, POS now seems to think we didn't pay for those items. The cost shows up under "Order Cost", and I have just now entered the cost under "Cost". However, when I run a sales report, the "EXT Cost" is listed as Zero for the items I sold. Am I SOL?