MoneyWorks

Purchasing Items

When you purchase an item, both the currency used and the purchase price are recorded in the product record. The product.buyprice is the actual buy price in the currency, and this is converted at the transaction rate to give the local currency cost price, product.costprice. If the purchase is tagged to a job, it is the local product.costprice that is transferred to the job system.

If a subsequent purchase is made in a different currency, the last purchase price used is converted to that currency and used as the default price on the new transaction.