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AleumusaShinark
March 4, 2022
Question

I want to turn off the Automatic Cost & Price Updates

  • March 4, 2022
  • 7 replies
  • 161 views

Hello

Our company does not specify the item cost because the cost for one item change a lot.
However, when we create a PO, the Item Cost is automatically updated to the last price of the item in PO.
I wanted to delete this automatic update, so I went to Edit - Preference - Item & Inventory - Company Preference, but there was no Automatic Cost & Price Updates button in our QB.
For reference, our QB is Premier 2019 Desktop Version.
Where can I find the Automatic Cost & Price button?

Thank you

7 replies

ChristineJoieRQuickBooks Team
QuickBooks Team
March 4, 2022

I appreciate you taking the effort to figure out how to use QuickBooks' shortcuts and capabilities, @AleumusaShinark. I'll share some insight about cost and prices updates in QuickBooks Desktop.

 

The option for the Automatic Cost & Price Updates button is unavailable. It's exclusive to QuickBooks Desktop Enterprise.

 

You can download a free 30-day trial of QuickBooks Desktop Enterprise if you want to try it. Check out this article for more details.

 

In addition, I added this article on how to set up advanced Inventory in QuickBooks Desktop Enterprise.

 

Let me know if you still have any queries about inventory items. I'm always willing to lend help.

AleumusaShinarkAuthor
March 7, 2022

Thank you for your reply. 

 

Then,,, If we are not change to enterprise version, cost will update automatically?

or Is there other way? 

 

Thank you

 

ChristineJoieRQuickBooks Team
QuickBooks Team
March 7, 2022

Thank you for returning to the thread, @AleumusaShinark. I can walk you through the steps of adding inventory costs to QuickBooks Online.

 

The result you want for the item will decide the choice you make. Select "Yes" if you need to alter the selling and markup prices to the new amount.

 

Here's how:

 

  1. From the Lists menu, then select Item List.
  2. Double-click the item you want to change.
  3. Enter your changes in the Edit Item window.
  4. Choose OK.

 

If you want to keep the existing values, select No. You can always modify the products and services in this field later in QuickBooks.

 

In addition, I recommend reading the following post for answers to frequently asked questions concerning QuickBooks items: Add, edit, and delete items.

 

Alternatively, I added this article that you can use if you need to adjust inventory quantity for your future reference.

 

If you have any further queries about your sales items in QuickBooks Desktop, I'm here to guide you. Be safe.

AleumusaShinarkAuthor
March 17, 2022

Hi, 

 

I'm not using online version. I'm using desktop version. 

 

And I will upgrade to 2022 desktop version soon 

 

If I upgrade to a new version, will the cost problem be solved?

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