Whatever your job is, you'll want to understand how Easilys works if your stock valuation method is FIFO (First In First Out).
BUSINESS NEEDS
The principle of FIFO (First In, First Out) is very simple: products from the first batch entered into stock are the first to be taken out.
Stock removals are therefore carried out in the same sequence as product arrivals. The next batch will only be started once the previous batch has been used up.
The FIFO method is used for Stock valuation.
(1) Calculation of theoretical PU: stock amount / stock quantity
GENERAL
Setting
The stock valuation method is determined from the Site Parameters screen.
It is only possible to change the valuation method after an inventory has been closed and before any product movement.
Note that after the changeover from PMP to FIFO, stock removals previously carried out in PMP will be processed in PMP (without distribution in FIFO).
Originally published at https://help.mapal-os.com/easilys/stock/stock-v2/fifo-stock-valuation/
Was this article helpful?
Articles in this section
- Reports available on the Stock screen
- Cancel an erroneous stock movement
- View stock excluding tax or including tax
- Consult stock movement details
- Obtain a document listing the state of stock at a given date
- Find a product that doesn't appear in stock
- Add or remove products from stock, based on packaging type
- Set a minimum stock level for a supplier product
- Manage stock removals
- Identify the sales responsible for a stock withdrawal
Add comment
Please sign in to leave a comment.