Opening Inventory Balance - Average Cost

DAR
DAR Member Posts: 20 Novice Member Novice Member
edited October 2024 in Accounts Hosted
Hi team,

We are starting a new Hosted file and looking to bring in the inventory quantity and cost value for each Track Inventory item, so when we run an inventory report the Balance Sheet will match the inventory report.

I see we can do a bulk import of items and at this stage can bring in the quantity on hand, cost price and sales price etc. however I can't seem to find how I'll bring in the average price and therefore the value of stock on hand at start date.

Am I missing an area where to put in the Average Price information?

Thanks,

DAR

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,830 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2019

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • DAR
    DAR Member Posts: 20 Novice Member Novice Member
    edited March 2019
  • Graham Boast
    Graham Boast Accredited Partner Posts: 331 Accredited Partner Accredited Partner
    edited March 2019

    Graham Boast | 0409 317366 | graham@reckonhelp.com.au

  • DAR
    DAR Member Posts: 20 Novice Member Novice Member
    edited March 2019
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