Hi Guys, I have an interesting senario which I am not sure of an answer to, can anyone help please.
If a Purchase Order is raised for a number of widgets, the widget are receipted and then Invoiced. A Sales Order is raised and some Widgets are sold and Invoiced and then the Purchasing Department discovers that the Purchase was invoiced at the wrong Cost Price. How can I update the COGS. If the PO had not been invoiced it would be straight forward but as it has been invoiced at the wrong price I am not sure if the COGS can be updated.
Can anyone advise please