Inventory
Inventory valued the way your CA values it.
FIFO valuation computed from the goods you actually received, batch by batch, at the cost you paid.
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FIFO, from receipt to sale
Purchases land as layers. Deliveries draw from the oldest layer first. The stock value on the balance sheet is the sum of the layers that remain.
- 01
Goods received
A purchase receipt opens a stock layer, each one carrying quantity, unit cost, batch number and receipt date.
- 02
Goods delivered
A sales delivery consumes the oldest layer first. First in, first out, without blending costs.
- 03
Cost taken from the layer
The cost of goods sold is the delivered layer’s own unit cost, so margins stay tied to what was actually paid.
- 04
Layers keep their costs
Whatever remains stays valued at the price each batch was bought at, layer by layer, to the last unit.
- BL
Stock value = remaining quantity × unit cost, summed across layers
Movements traced, thresholds flagged
Every stock operation is a dated record, and the summary keeps the items that need attention in plain view.
- Receive: purchases land in stock and open a layer
- Deliver: sales consume the oldest stock first
- Adjust: corrections record a dated movement
- Low stock: items below the on-hand threshold are flagged
- Out of stock: items at zero on-hand are counted and listed
- Valuation report: stock value per product, from remaining layers
Stock valued from the goods you actually hold.
Start free, receive your first purchase, and watch the layers build.