Stock that matches the books.
Items, stock movements and cost layers with FIFO or weighted-average valuation, so the inventory value on the balance sheet is built from the movements that actually happened.
- FIFO or weighted average
- Stock aging
- Reorder and low-stock alerts
What inventory covers.
Item catalogue
Items with units, cost method and reorder information.
Stock movements
Receipts and issues recorded as movements, not edited balances.
Inventory adjustments
Differences recorded as explicit adjustment movements.
Inventory valuation
Value derived from the remaining cost layers.
FIFO valuation
FIFO layers with remaining quantities, or weighted average, per item.
Stock aging
Slow-moving stock and the capital tied up in it.
Reorder and low-stock alerts
Know when an item falls below its reorder level.
Inventory questions.
Something else? Ask us or call +1 917 764 9587.
Which costing methods are available?
FIFO and weighted average. The method is a property of the item, and cost layers are kept so FIFO items retain their remaining quantities.
Can we start from an existing stock position?
Yes. Opening balances and item data can be prepared up front, and stock adjustments record the difference between your old system and this one as explicit movements.
Related modules.
See it against your own books.
Tell us how your books are kept today and who needs access, or call +1 917 764 9587.