Inventory
Last update:
07/21/2026
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In this topic
Inventory Overview
- Introduction to Inventory
- Setting Up Warehouses & Locations
- Receipts, Deliveries & Transfers
- Reordering Rules & Replenishment Automation
- Lot & Serial Number Tracking
- Valuation Methods & Accounting Integration
- Physical Counts & Inventory Adjustments
- Inventory Analysis & Stock Forecast
- Putaway Rules & Replenishment Strategies
- Expiry & FEFO Management
- Reserving, Transferring & Validating Stock
Warehouses & Locations
Stock Operations
Replenishment & Reordering Rules
Traceability & Serial Numbers
Inventory Valuation
Inventory Adjustments & Counts
Reporting & Analysis
Valuation Methods & Accounting Integration
Inventory Valuation
Configure on the Product Category. Go to Inventory > Configuration > Product Categories, select a category, edit the Inventory Valuation section.
Valuation Methods
| Method | Description |
|---|---|
| Standard Price | Fixed cost assigned to the product. No automatic recalculation. Variance is tracked. |
| Average Cost (AVCO) | Weighted average of all purchases. Updated on each receipt. |
| FIFO (First In First Out) | Oldest stock cost is used first. Each unit has its own cost layer. |
Accounting Valuation
| Setting | Behaviour |
|---|---|
| Manual / Periodic | No automatic journal entries. Run inventory adjustments to post valuation. |
| Automated | Every stock move creates accounting entries automatically. Requires a dedicated Inventory Valuation account. |
Inventory Valuation Report
Go to Inventory > Reporting > Inventory Valuation. See the current value of each product at each location. Columns: Quantity, Unit Cost, Total Value. Also shows layered cost history.
Stock Moves as Accounting Entries
With Automated Valuation, each stock move generates:
- Receipt: Debit Inventory, Credit Stock Input (or directly Credit Vendor if not separate).
- Delivery: Debit Cost of Goods Sold (COGS), Credit Inventory.
- Scrap: Debit Inventory Loss, Credit Inventory.
Review entries via: Product → Accounting → Journal Entries.
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