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Fastbase Accounting System - Online Manual

Stock Cost Update

Document 103244/1

Entered Mon, 26 May 2003 15:31 by
Updated Tue, 15 Mar 2005 10:20

Go to Processing -> Stock Costing -> Stock Cost Update

This report is designed to update the cost price recorded on all transactions.
The cost recorded on line items at the time of entry often varies as the true cost is not known until all month end processing has been completed.

This report is run automatically as part of the Accounts Receivable Period End and Inventory Period End procedures.

If you are looking at sales/margin reports and the figures appear inaccurate you can run this report which checks all cost prices recorded against all stock-out transactions. The cost prices are updated automatically when required.

Start Date:
End Date:
Enter the date range to process transactions for.

Detail Option:
Specify whether you want to print all transactions, changes or exceptions only.
Selecting 'Changes' will report all lines where the cost price has changed.
Selecting 'Exceptions' will report all lines where the quantity sold is more than the on hand quantity at the time of sale or the profit% is less than zero.

Output Device:
Select the output device for the report. See Creating Reports - General Comments for details.


When stock is receipted into the computer the true into-store cost may not be known at that time.
Any items that are subsequently sold will have incomplete costs recorded on the sale.
Later when the costs are fully entered into the system (when the suppliers invoice has been recieved and any freight or other charges have been entered) the system can update the cost recorded on the original sale.
This report can take awhile to run, depending on the number of line items.

See New Goods Receipt for details about entering goods receipts and costing shipments.

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