Inventory Costing Mode

Within the software, we can have the inventory system update the cost of the inventory on a regular basis. There is two main options to achieve this, which includes:

  1. Periodic – typically done during month end
  2. Perpetual – done in real time

Note:

  1. Once you set this to perpetual, your inventory in your accounting report will be changing on the go.
  2. Make sure that all your locations are allocated a line of accounts (in your CoA). Without a line of account, the inventory cannot be updated.

Configuration

In order to set this up, go to:

Main Menu > Settings > Inventory Settings > Inventory Costing Mode (at the bottom of the page).

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