Item Last Cost

Item Last Cost

AccountingSuite uses the Item Last Cost on Purchase Orders when adding an item. The Item Last Cost is the amount that you last paid for this item on a Bill / Bill Payment recorded in AccountingSuite. For more about last costs, see this article.

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    • Item Last Costs

      Item Last Costs The item last cost is the most recent cost for that item. It is derived from the cost on the bill received for a purchase order. Inventory adjustments, item receipts and assembly builds also update item last costs. For more ...

    • Choose Item Purchase Cost (extension)

      Introduction This extension allows users to choose between item expected cost (from the Item Detail Card) and item last cost 9cost the last time the item was purchased) when creating purchase orders. The Purchase Order draft is automatically updated ...

    • Item Last Costs

      Item Last Costs The item last costs page lists all inventory items with the last price you paid for them. Clicking on the line will navigate to the Purchase Order where this last purchase was made. Navigate to Inventory → Item Last Costs.

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      Viewing Inventory Location and Quantity Information on the Item Card There are several ways to view inventory quantity and location information. Viewing Inventory Location If a report isn’t necessary, click the Inventory location info button (1, ...

    • About Costs

      Costs AccountingSuite uses the following terms when reporting costs for an item: Standard (or expected) cost - this is in the expected cost field on the item card. It is entered manually and is stored as entered. This number is not used in any ...