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Former Member
Jan 17, 2012 at 02:33 PM

Change product cost in the past

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We recently noticed that a product had the wrong cost and has transactions for the past three months. Since the transactions go back that far we cannot reverse them and post them again. We would like to change the cost to the correct value and have the postings to the G/L and the sales information system reflect the correct cost and profit. What is the best way to handle this scenario?

Thanks,

Alan