Todays Profit Issue

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PRODUCT COST IS HIGHER THAN PRODUCT REVENUE THAT CAUSES THE PROFIT INTO NEGATIVE. WE ONLY USE FIRST IN FIRST OUT METHOD.

Question Resolved For: Stock Manager Advance with Point of Sale Module 0 Votes 4 Answers 967 Views
Asked by Mark Olvido 1 year ago

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Answered by Mark Olvido 1 year ago

I CHECKED THE PRODUCT COST AND PRICE, ALL PRODUCT COST IS LOWER THAN THE PRODUCT PRICE

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Answered by Mian Saleem 1 year ago

Hello,

May I know your inventory accounting method?

Are you changing this or using the same from beginning?

Please don't use uppercase or all caps.

Thank you

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Answered by Mark Olvido 1 year ago

Accounting method is FIrst in First Out. We never change that setup

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Answered by Mian Saleem 1 year ago

Hello,

As I can remember this only happend with AVCO and overselling.

FIFO check the first purcahse code the cost and current product price. If you never purchased a product higher than the price then there shouldn't be such issue.

I suspect the method or overselling was changed, please monitor this.

Thank you

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