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How item valuation works
RockifyERP calculates each item’s valuation rate from receipts, using FIFO or moving average, so cost of sales is accurate.
What you need to know
- Receipts set the incoming rate, including landed costs.
- Deliveries and issues use the valuation rate at that moment.
- Back-dated entries trigger reposting to keep later rates correct.
Tip: Check the valuation rate on new items after their first receipt.
Need more help with RockifyERP?
Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.