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  • Stock Item, Stock Quantity, Average Cost, Value, Sell Price

If you do not choose a Warehouse then the total value calculated can be compared with the GL value (GL value is always total value)

Note
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titleWhy does the GL Value vary to the Stock Value

The stock value uses average cost - average cost is held at four decimal places. 

All GL journals have to be rounded to the nearest cent (half a cent does not exist)

Example:

  1. 600 items arrive at a cost of $20 > Average cost is set in the system to 20.00 / 600 = 3.33c
  2. When one is sold the COGS journal is created at 3c

As a result the stock value and GL value can vary.