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FIFO / Average Costing

Ensure your inventory costs reflect real-world operations with flexible costing methods. Light Cloud ERP supports FIFO (First-In, First-Out) and Average Costing

Overview

Inventory valuation plays a crucial role in financial reporting and profit calculation. With FIFO and Average Costing options, Light Cloud ERP lets you manage item costs transparently and consistently—ensuring you always know your true margins. Ensure your inventory costs reflect real-world operations with flexible costing methods. Light Cloud ERP supports FIFO (First-In, First-Out) and Average Costing, allowing businesses to calculate product costs that suit their operational and accounting needs.

Ready to Transform Your Inventory Management?

Key Features

Dual Costing Methods

Choose between FIFO or Weighted Average Costing based on your accounting preference.

Automatic Cost Calculation

System auto-updates item costs upon each inventory transaction.

Real-Time Valuation

Track product value changes instantly with every purchase, return, or stock adjustment.

Cost History Logs

Review and audit historical costing records for transparency and compliance.

Batch-wise Costing Support

FIFO costing is applied on a batch level, ensuring accurate per-unit value.

Integrated with Sales & Purchases

Costing seamlessly flows into sales, purchases, and inventory reports.
Affordable Cost
Quality Work
It’s recommended to choose one method, but transitions can be handled with historical adjustments.
Yes, FIFO applies per batch, ensuring the oldest stock is always issued first.
Absolutely. The system recalculates cost in real-time based on incoming and outgoing stock.
Yes, all related financial and inventory reports reflect your selected costing method.

Benefits

Strengthen inventory control with valuation consistency

Adapt costing methods as your business evolves

Automate manual calculations, reducing human error

Improve decision-making with transparent cost tracking

Get precise profit/loss insights with accurate COGS

Ensure compliance with your financial policies and audit needs

Ready to Transform Your Inventory Management?

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