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Changing the cost of an inventory item does not affect the asset value

After you change the cost field of an inventory item in the item list, existing transactions are not affected and the average cost and total value are unchanged.
Why this is happening

The Cost field has only one primary use: it is the default cost drawn into a bill, bill credit, check or credit card charge when you create one of those transactions.

Once a purchase transaction is saved, you can change the average cost or total value to change the cost on the transaction itself.  Changing the Cost can affect future transactions, but it cannot affect previous transactions.

How to fix it

If you need to adjust your average cost or your inventory asset value, enter one or more Adjust Quantity/Value on Hand transactions.

KB ID# SLN43289
4/27/2017 3:30:14 PM
QYPPRDQBKSWS07 9138 Pro 2017 f13c09