The Build Items window does not allow you to change the price of finished items. If a finished item has greater value (because of the labor required to build them, for example), use the
Adjust Inventory window to change their unit cost. For more information, see
Making inventory adjustments.
Once you’ve bought or sold an item, you cannot change the number of items in the item’s buying and selling units. If you want to change these units of measure, you need to create a new item record and transfer the quantity and value from the old record to the new record.
To do this, create the new item record with the new units of measure, then use the Build Items window to transfer the quantity and value from the old item record to the new one. For example, assume you buy an item in 12-can cases and you want to track purchases by individual cans. If you have 2 cases in stock, enter -2 as the quantity for the old item and enter 24 as the quantity on hand for the new item.
The total value of an item is always calculated based on the total value of the items divided by the number of units on hand. For example, if you have 100 units of Item 1 and the total value is $1,000, the cost of each item is $10. (1,0000 / 100 = 10).
For each item you order, you can set a minimum restocking level and reorder quantity. Then, when you sell enough items to reach the minimum restocking level, a purchase order will appear for the item in
Stock Alert tab of the
To Do List window. From here, you can create a purchase order for the item.
To change an item’s price on a sale, enter the updated amount in the Price field of the
Sales window. The new price will be applied only to the current sale and no change will be made to the item price in your inventory.
Some reports in your MYOB software are based on an item’s history, such as the Item Sales History report. If you change an item’s history, you will affect the totals that appear on this report and you cannot automatically revert the amounts to their original totals.
