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boymomsheridan-g
October 15, 2023
Question

How do I get my cost/sales price to update the items each time I enter a new bill?

  • October 15, 2023
  • 1 reply
  • 0 views
Before online, this was automatically done when I would enter the new bill with pricing.  At least, the cost was updated.  Now nothing is updating.  

    1 reply

    R
    RCV
    October 30, 2023

    Let me share some information about the Cost and Sales Price works in QuickBooks Online (QBO).

     

    Once you enter the amount in the Sales price/rate and Cost field, it will be the fixed value that will flow in the Item details when creating a bill. The one that will automatically be updated will be the qty on hand value. See the screenshots for your reference:

     

     

    Alternatively, we can manually enter the amount on the Sales price/rate and Cost fields. Just in case you need to set pricing rules for specific products and services, check out this article for more details: Set price rules in QuickBooks Online. 

     

    For reference, you can also look into these articles on how to manage inventory:

     

     

    I want to make sure I've got you covered. You can click the Reply button below for follow-up questions and clarifications about managing your bill transactions. I'll be in touch. 

    R
    RitaPeng
    August 18, 2024

    Hi there, I have got the same problem, once purchase order converted into bill the item cost not been updated automatically but the qty on hand. Is that mean we will have to calculate the average cost every time and do it manually under Product and services?  Thanks 

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