Adjust or recalculate costs

Cost affects inventory value and gross profit; selling price affects what a customer pays. They are different controls.

Steps

1. First investigate incorrect purchasing, units, stocktakes, negative stock or valuation settings and correct the originating business where appropriate.
2. For an authorized adjustment, add items in Cost Price Adjustment Doc and check total stock, old cost and proposed cost.
3. Review the value impact, save and approve, then inspect item cost and stock value. Current adjustment applies across warehouses for the item.
4. Treat cost recalculation as historical maintenance: back up, define its scope and arrange verification with the responsible person.
5. Recheck affected inventory/profit reports and retain the reason and document number.