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Adjust Cost
The adjust cost function allows the user to change the cost of the selected item. If this is a stock item, the inventory and adjustment accounts specified within the System | Company Setup will post the appropriate journal entries for the posting.
Current Inventory Cost Adjustment
Enter the New Average Cost and/or New Last Cost for the item.
Past Invoice Cost Adjustment
At the bottom of this section, enter the range of invoices that you would like to adjust the cost of the selected item on. Once the date range has been entered, press Apply and the invoices will be listed. You can check/uncheck all with the respective buttons or select individual invoices. Enter in the Stock Unit Cost and/or Commission Cost and press the apply button for the respective cost below. When the cost is adjusted, you can view the General Ledger and notice the change immediately (on the date of the original invoice).
