Attaché uses the unit cost during invoice entry. There are two cost prices on the product Masterfile:
Unit Cost (fixed, average, or last)
Last Buying Price (last cost).
The Last Buying Price is the cost the product was last purchased at from a supplier, except in the case of special pricing.
General Ledger postings are created to update the value of stock on hand when the unit cost of a product is changed. Before updating the unit cost of a product, confirm which General Ledger accounts will be affected. By default, Attaché will update the Inventory account and the Stock Adjustments account from the product’s General Ledger Set.
Updating the unit cost of a product
To update the unit cost of a product:
Choose Transactions, Products, Adjustments, Enter Adjustments.
Enter the Product Code, Date, and Reference (for your information).
Do not enter anything in the Quantity field.
Enter the new unit cost in the Cost field.
To check the General Ledger codes, choose G/Ledger (F4).
📌Note: If you do not wish to create any G/L postings, enter the same G/L account in Inventory and Stock Adjustments.
When satisfied with all the details, choose Accept (F9) and Finish (Esc).
📌Note: If you are changing the unit cost of a non-diminishing product the value of products is not recorded in the General Ledger. Choose Masterfiles, Products, Products, Maintain and update the Unit Cost.