FIFO product pricing method

Created: 2021-08-05
Last updated: 2021-11-09

Post view count: 299

We have improved the handling of warehouse documents by adding support for FIFO queue along with generating a margin report based on it.

 

You can enable the FIFO option by going to Settings> Account settings> Configuration> Warehouses> Products dispense order

FIFO pricing


FIFO is a method of valuing products in stock and their disbursement, which involves accounting the disbursement starting from goods that were received into the warehouse the earliest.
It is also a general rule under which the goods that have been stored in the warehouse the longest are released first.

 

You can read more about the FIFO method on our blog.

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