The following is a brief description of the available adjustment options:
|Average and Latest Cost||This option allows you to adjust either the average cost or the total cost of a particular line item. If you change the average cost, TurboCASH will change the total cost for you (depending on your quantity on hand), and if you change the total cost, TurboCASH will change the average cost.|
|Quantity and Average Cost||This option allows you to change the quantity of stock on hand. The total cost price will remain unchanged, but the average cost price will be changed due to the change in quantity.|
|Quantity and Latest Cost||This option allows you to change the quantity of stock on hand. The average cost price will remain unchanged, but the latest price will be changed due to the change in quantity.|
|Selling Price||This option allows you to change the selling price of a range of stock items or a selected stock item by a percentage or change the selling price for a specific stock item.|
This option allows you to take-on stock before you begin
trading. It is like entering your stock quantity opening balances. |
It is very important that you either do a take-on of each of your stock items or that you enter a purchase for each item, before selling any stock. If you create an invoice for a stock item, before having done a stock take-on, TurboCASH will not know the item's cost price and will update your cost of sales with a zero amount. This will over-inflate your profits.