DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Purchase price vs unit price


#1

What is the difference between Purchase Price (Inventory Item) and Unit Price (Purchase Invoice)? Can I presume this is to determine CoGS? Are these amounts in the base currency? Thanks.


#2

When creating inventory item, purchase price is used for autocomplete purposes only. You don’t need to set purchase price on inventory item. It’s just data-entry aid, there are no implications in general ledger.

Unit price on purchase invoice is used to determine CoGS when inventory item is eventually sold to customer.


#3

Ah Ha !..a little lights just came on