I know this post is related to my other post here I noticed it was moved from bugs to ideas. Maybe because it was more about reports and how it was shown. However, I believe it is a very serious issue that I have items with large quantities and the wrong cost amount. If you look at the example bel…

[image] BawarYassin: I have worked on other accounting programs in my career and have never seen something like this. Which ones? There is no accounting program that can guess what you sold in the past without you inputting that information. Maybe rather than using credit notes in such instan…

[image] eko: Which ones? There is no accounting program that can guess what you sold in the past without you inputting that information. The One System for Accounting or Al-Ameen, are the ones I remember and they used GAAP. As for guessing the cost, I don’t know how they do it. but it is not …

@eko @Tut [image] eko: There is no accounting program that can guess what you sold in the past without you inputting that information. This picture is from Zoho book [image] I don’t mind giving you guys examples from other accounting software If you want Edit: Typos

@BawarYassin it is you as user that enters the information. I could show a similar screenshot from Manager. I f anything the one you showed is having 1 December 2022 as the Date and the other entries are already from January 2022. so one can assume that all transactions were already in the system. Y…

@eko [image] eko: I could show a similar screenshot from Manager By all means, go ahead and show me, please. [image] eko: you showed is having 1 December 2022 as the Date and the other entries are already from January 2022 I think there is a misunderstanding Zoho sorts by oldest to n…

[image] BawarYassin: I think there is a misunderstanding Zoho sorts by oldest to newest contrary to how Manager sorts. You can see opening stock is at 01 Jan 2022. Your argument is that for whatever reason other accounting programs are clairvoyant and can guess and input information from the …

[image] eko: Your argument is that for whatever reason other accounting programs are clairvoyant and can guess and input information from the past without any user input. There is no magic involved it’s just the last average cost or initial cost. The “user input” can be the initial cost perha…

[image] BawarYassin: In Manager the same transaction would report 200 qty and 30 Manager doesn’t do FIFO but running average.

[image] BawarYassin: There is no magic involved it’s just the last average cost or initial cost. The “user input” can be the initial cost perhaps we start from that. Although I share @BawarYassin ’s views on costing of inventories, the developer is of the view that inventory cost should never …

@Ealfardan I fail to see the benefit of how the Manager does it but I hope it is worth it. I have around 4800 USD difference between the actual stock amount and what Manager reports. I don’t know how to readjust all these items. Using an expense account and journal entry will create a huge dent in…

Zero cost of returned goods while having quantity

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Zero cost of returned goods while having quantity

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