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Quickbooks, average stock calculation
Dear Dave
I have just spoken to Quikbooks head office and they told me that as soon as there is a difference on your costings per item, Quickbooks will invoice it out as average costing on you cost of goods side. Now I don't know if they are correct and as far as I can see on my 2006 Pro package it is doing that. They also informed me that this is the way quickbooks operate. That is why for 4 months now I have been researching other packages and so far it looks like Microsoft Accounting 2008 is giving me what I am looking for because it works on a FIFO or LIFO system and I am still investigating it further.The only problem so far is that they don't have the SA version yet for our VAT and Rand value system and I have a problem with there customizing of there sales receipt and invoice templates.
Dear Dave
I have just spoken to Quikbooks head office and they told me that as soon as there is a difference on your costings per item, Quickbooks will invoice it out as average costing on you cost of goods side. Now I don't know if they are correct and as far as I can see on my 2006 Pro package it is doing that. They also informed me that this is the way quickbooks operate. That is why for 4 months now I have been researching other packages and so far it looks like Microsoft Accounting 2008 is giving me what I am looking for because it works on a FIFO or LIFO system and I am still investigating it further.The only problem so far is that they don't have the SA version yet for our VAT and Rand value system and I have a problem with there customizing of there sales receipt and invoice templates.
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