Inventory

[cakammy]

I already know I can't change any specifics on an inventory item, specifically Costing Method. Unfortuantely knowing it doens't mean I don't have to do it.

Any suggestions?

My inventory items have all been set up as FIFO and should have been Average.

My solution is to:
Create a new shell company and import all customers, vendors, employees.
Export the items and change the Costing and import into the new shell company.
Export all customer invoices and vendor bills and import into the new shell company.

Luckily we opened a new company in 2011 so the data volume isn't as bad as it could be, but has anyone ever done this and encountered any problems.

If there is another option, I'm all ears.

Thanks.

[rick Prindivill]

You can change the ITEM ID to a new one ie. Original ID-OLD, mark the Item as INACTIVE and SAVE. Highlight the new Item ID and change it to read the original Item ID, the Costing Method and SAVE. Open the Peachtree (Text Menu Listing) OPTIONS - GLOBAL - Hide INACTIVES. Use the TASKS Inventory Adjustments feature to zero out the current Item ID Qty on Hand and add it to the new Item ID. Be sure to use the same Transaction Date. You can also perform this task via an Inventory Adjustment Journal.

Otherwise, your plan has complete merit.