Wrong Profit And Product Cost

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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

Question Resolved For: Stock Manager Advance with Point of Sale Module 0 Votes 6 Answers 85 Views
Asked by mohamed moha 3 weeks ago

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Answered by mohamed moha 3 weeks ago

the other image is here

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Answered by Mian Saleem 3 weeks ago

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

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Answered by mohamed moha 2 weeks ago

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

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Answered by Mian Saleem 2 weeks ago

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

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Answered by mohamed moha 2 weeks ago

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

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Answered by Mian Saleem 1 week ago

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

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