Tech Tip: How Does AccountMate Update the Last Received Cost and Date?

Q: How does AccountMate update the Last Received Cost and Date in the Inventory Maintenance ► Settings (1) tab?

A: The Last Received Cost and Date in Inventory Maintenance ► Settings (1) is updated when you record a receipt of the inventory item using the Receive Goods function; the last received cost is from the Unit Cost field and the date is from the Receive Date field. If you cancel the received goods with the latest Receive Date, the Last Received Cost and Date displayed in the inventory record remain the same. AccountMate will update the information the next time you record a receipt for the item with the same or later Receive Date.

Note: In AccountMate for LAN, the Last Received Cost and Date fields are in the Inventory Maintenance ► Settings tab.