FIFO product pricing method
Created:
2021-08-05
Last updated: 2021-11-09
Last updated: 2021-11-09
Post view count: 802
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 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.
Create unlimited invoices and more with InvoiceOcean. Start your 30-day free trial.
Sign up freeBack
Add Comment