If your MYOB Accounting Plus record of an item's total value or unit cost is incorrect but the item's quantity is correct, you can enter a special type of stock adjustment to change the item's total value and unit cost without changing the quantity of the item. This type of adjustment can also be used to enter an opening value for an item whose count has been previously entered. When entering adjustment amounts, enter only the amount of the change; this amount can be positive or negative.
If you're increasing the value or entering an opening value, you'll enter the amount as a positive amount. For example, if the total value of all your gadgets is £50 and you want to change that total value to £60. In the Amount column, you'd enter £10.
If you're entering an opening balance, the current value of the item is £0. Enter the total value for the item.
If you're reducing the item's unit cost and total value, be sure to enter the amount as a negative amount. For example, if the total value of all your gadgets is £50 and you want to change that total value to £40. In the Amount column, you'd enter -£10.
Another example: Say you have 10 gadgets that show a unit cost of £10 each. Your total item value is £100 (10 units multiplied by £10). Now, say you want to change the unit cost to £8 each. First, multiply the quantity of units (10) by the new unit cost (£8). The eventual total item value you want is £80 (10 units multiplied by £8). To determine the amount of the adjustment, subtract the current total item value (£100) from the total item value you want to have (£80); this results in a -£20 adjustment amount. You'd then enter -£20 in the Amount column.
Click below for the step-by-step procedure:To adjust an item's total value and unit cost