Stock · Guide 321 of 624
FIFO and moving average
RockifyERP values stock using FIFO (first in, first out) or moving average. The choice affects cost of goods sold and stock value.
What you need to know
- FIFO: the oldest stock cost is used first. Good when prices change often.
- Moving average: each receipt updates an average cost. Smoother, simpler.
- Set the default in Stock Settings; it can be set per item before transactions.
Tip: Agree the method with your accountant. Changing it later is complicated.
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.