Inventory and item cost problem

Hi

We have a problem with my inventory.

We do house and buidling wiring.  We sold and install different type of cable and sometime it's sold foot by foot or in a package and I have an ''service'' item for that purpose.

Also since we are in canada, we buy wiring in METER but we sold it in FOOT.  When my employe enter our wiring purchase, he forgot to do the convertion.

Not a big problem because each 3 month I do the inventory and balance everything since last week....  Actually I ''lost'' 1$ for each foot of cable sold.....

We found that the system give a unit cost for each item and when we correct the inventory, it just increase the item cost.  So actually I paid my Cat6 0.135$/ft, I sold it 0.19$/ft and SAGE ''think'' the cost price is 11.50$/ft.... So each time a sold wiring, my net income is going down....

The easy solution is to create another item and replace the ''*** up'' one but it's the same problem for almost 3/4 of my item and in 1 year it will be the same thing...

Any solution for that?

Thanks

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  • 0 in reply to MikePML

    Your Service item that sells the CAT6 cable by the case is not updating your inventory, could that be part of your problem?

    Also you can set up an inventory item to buy by the meter and sell by the foot ans long as it know the conversion. to do that you would have to create a new inventory item as you can not change the relationship once you have any transaction for that item. You can not sell an item by two different units of measure, to sell a full case you would have to specify how many ft are in the full case, and possibly do a manual discount for full case quantities, depending on what markup you are applying.