Fastbase

Changing the current cost of an item involves 2 steps.

1. Entering a Stock Adjustment to adjust out the total quantity on hand for the item concerned.

2. Entering a stock adjustment to adjust in the total quantity on hand at the new cost.

Stock adjustments are entered via Transactions, Stock, Stock Adjustments. Both adjustments should have the same date and may be entered in the same batch.

As costs are held at the branch level you will need to repeat this process for each branch or stock location that you want to change the cost for.

Note that when stock is adjusted out and back in the stock aging is in effect reset (i.e. the stock will be aged as if it was purchased on the date of stock adjustment).