Inventory cost transfer and sales cost reconciliation

£77.99

SKU: 8E4E6BB5-98AE-53D9-9D02-7DF68C5400DE Categories:
Pound sterling (£) - GBP
  • Pound sterling (£) - GBP
  • United States dollar ($) - USD
  • Australian dollar ($) - AUD
  • Euro (€) - EUR

This feature allocates purchase costs, ocean/air freight, customs duties, warehousing fees, and losses to each sold item using First-In-First-Out (FIFO) or a weighted average method. It regularly reconciles inventory system quantities with book values, calculates ending inventory estimates, and adjusts for discrepancies arising from inventory gains and losses. By matching cost of goods sold (COGS) with revenue, it accurately calculates the marginal contribution of each SKU, providing a reliable financial basis for pricing strategies.