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Accounting Inventory Reports: Clearing IT_COS and recalculating Cost of Sales

Inconsistent Profit margin report on cost. Why in some periods profit margin is 0.00 even there is cost of inventories are available? - FIFO.

The IT_COS field stores the Cost of Sales value for each transaction. This field is updated whenever the Calculate Cost of Sales process is run.

If Clear IT_COS is selected, all existing IT_COS values will be reset to 0.00. The system will then recalculate the cost based on the selected period.

To recalculate the cost:

  1. Go to Reports, Customer & Sales, Profit Margin, Calculate Cost of Sales.

  2. Select the required Costing Method.

  3. Select the relevant period.

  4. Ensure Clear IT_COS is not selected.

  5. Run the calculation.

If some items are still showing a cost of 0.00, run Calculate Cost of Sales again for Periods 1 to 10 and ensure Clear IT_COS remains unchecked.

This will repopulate the IT_COS values and update the Profit Margin report with the correct costs.

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