Stock · Guide 320 of 624

Periodic inventory

With periodic inventory, RockifyERP tracks stock quantities but your accountant adjusts the stock value in the books at period end.

What you need to know

  • Purchases are expensed when invoiced.
  • Stock value is adjusted with a journal entry after a count.
  • Simpler, but profit isn’t accurate between counts.

Tip: Consider moving to perpetual inventory once your stock data is reliable.

Related RockifyERP guides

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