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Using Standard Cost or Last Purchase Price when entering item purchases
An MYOB AccountEdge preference -- Use Standard Cost as the Default Price on Purchase Orders and Bills -- allows you to have the Standard Cost of an item automatically entered when you're creating a purchase.
If you'd like one "default" price to be entered on purchases for the item, rather than the last purchase price, which can vary, select the preference. The preference can be found by choosing Setup > Preferences window - Inventory view.
- If you mark the preference: The Standard Cost, the price that was entered for the item in the Buying Details view of the Item Information window is the price that will appear automatically for the item when you enter a purchase. You can change the price on the purchase, if you want.
- If you don't mark the preference: The Last Purchase Price, the price that was recorded for the item the last time you purchased it is the price that will appear automatically for the item the next time you enter a purchase. You can change the price on the purchase, if you want.
