Inventory Ahead provides you with the option to track the cost of your products, ensuring accurate information in your profit reports.

Here are some important points to consider regarding cost prices:

• When reordering a product, the cost price will be automatically added to the purchase order if the product’s information includes a cost price, either manually or through an upload.

• The date of the cost price can make a big difference in your reports and on POs. See a few examples:

• If a product’s purchase order (PO) is more recent than the entered cost price, the system will automatically use the cost price from the PO since it is the most up-to-date and accurate.

• If a product had orders that came in on an earlier date than the cost price date, the system will not include a cost for these orders, causing a greater amount of profit on them.

For detailed instructions on assigning cost prices to items Click here