Item Cost Price Editing

Service and Custom Items  

 Service and Custome item cost prices can be edited on the Item setup. 

 To add or edit the unit cost price of service and Custom items go to: 

 Inventory Module> Configuration> Inventory Setup 

 Search the required service or custom item. 

  Click edit 

 Click the Pricing Level Tab 

 Click the Cost Button 

 Enter the cost price. 

 Save and Close 

 

 Stock Items 

 There are only 2 ways to update the cost price of a stock item: 

 

 Processing a Goods Received Voucher (GRV)  

 Process a Stock Value Adjustment 

 

 This is because stock is an asset, and any adjustments to the cost price will affect the stock (asset) Valuation. As such an actual entry needs to be processed so the control account balances or is affected accordingly.