Inventory Costing
Record opening stock, movements, returns and counts, then calculate month-end cost using weighted average or FIFO before posting.
See what this module handles, how to review it and how its results reach the ledgers.
Record opening quantities and actual stock movements
Maintain item details and opening stock, then record receipts, issues and quantities from actual business activity. Review stock movements and balances for a selected date to see which transactions changed the quantity.
Keep returns, corrections and counts tied to their records
Record returns, corrections and count differences from the actual event. When historical quantities or costs need adjustment, keep the original record and its correction rather than overwriting the business history.
Calculate month-end cost with the selected method
Calculate period inventory cost at month end using the account's selected method: month-end weighted average or first-in, first-out. Review quantities, cost sources and amounts before confirming the result for accounting.
Review quantity, cost and accounting as separate steps
Quantity confirmation and cost calculation are separate results to review. After costing, record the related accounting through the voucher service and check the posted entry in the ledgers.
