Accounting and inventory IFRS/GAAP suite for SMB. General questions. See 1C:AccountingSuite details

#1
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Hello,

Basically my question is if the inventory beginning balance calculates an average cost of the item. What cost appears on the item card?

Thank,
Steffen

 
#2
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The beginning balance will create a record in the inventory journal with the same information you entered (quantity and value). The item card display last purchase cost.

 
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