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		<title><![CDATA[FrontAccounting forum — Inventory cost/value]]></title>
		<link>https://frontaccounting.com/punbb/viewtopic.php?id=10616</link>
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		<description><![CDATA[The most recent posts in Inventory cost/value.]]></description>
		<lastBuildDate>Sun, 29 Dec 2024 12:13:56 +0000</lastBuildDate>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43475#p43475</link>
			<description><![CDATA[<div class="quotebox"><cite>apmuthu wrote:</cite><blockquote><p>There are 2 tables - <strong>stock_category</strong> and <strong>stock_master</strong> -&nbsp; that have the field <strong>mb_flag</strong> in FA default installation. The former has it as <strong>dflt_mb_flag</strong>.</p><p>There are a total of 53 files with the field <strong>mb_flag</strong> in them in the core FA.</p><p><strong>mb_flag</strong> values:<br />F =&gt; Fixed Asset<br />B =&gt;Purchased -&nbsp; Default in the tables, used only in reports rep3*.php as <strong>item.mb_flag=&#039;B&#039; OR item.mb_flag=&#039;M&#039;</strong><br />M =&gt; Manufactured<br />D =&gt;Service (S old flag)</p><p>Which file has <strong>mb_flag</strong>=&#039;A&#039; ?</p></blockquote></div><p>Do any of these flags control/modify how the cost of an item is calculated?<br />Is average the only method that is currently supported?</p><p>Would the (majority) of the changes needed to support FIFO be localized into a few functions?</p><p>FIFO means the COGS is directly related to the exact cost of buying the oldest item being sold<br />So if the cost shot up the COGS would not change until all the existing inventory was sold.</p><p>Thanks<br />Tom</p>]]></description>
			<author><![CDATA[null@example.com (tom)]]></author>
			<pubDate>Sun, 29 Dec 2024 12:13:56 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43475#p43475</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43474#p43474</link>
			<description><![CDATA[<div class="quotebox"><cite>apmuthu wrote:</cite><blockquote><p>Which file has <strong>mb_flag</strong>=&#039;A&#039; ?</p></blockquote></div><p>Ha Ha... changelog</p><p>2014-09-12 08:15:34 +0200 Joe <br />Removed redundant mb_flag &#039;A&#039;.<br />M&nbsp; &nbsp; includes/db/manufacturing_db.inc</p><p>I saw it but did not realize it was a comment! (commit comment no less)</p>]]></description>
			<author><![CDATA[null@example.com (tom)]]></author>
			<pubDate>Sun, 29 Dec 2024 12:04:51 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43474#p43474</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43473#p43473</link>
			<description><![CDATA[<p>There are 2 tables - <strong>stock_category</strong> and <strong>stock_master</strong> -&nbsp; that have the field <strong>mb_flag</strong> in FA default installation. The former has it as <strong>dflt_mb_flag</strong>.</p><p>There are a total of 53 files with the field <strong>mb_flag</strong> in them in the core FA.</p><p><strong>mb_flag</strong> values:<br />F =&gt; Fixed Asset<br />B =&gt;Purchased -&nbsp; Default in the tables, used only in reports rep3*.php as <strong>item.mb_flag=&#039;B&#039; OR item.mb_flag=&#039;M&#039;</strong><br />M =&gt; Manufactured<br />D =&gt;Service (S old flag)</p><p>Which file has <strong>mb_flag</strong>=&#039;A&#039; ?</p>]]></description>
			<author><![CDATA[null@example.com (apmuthu)]]></author>
			<pubDate>Sun, 29 Dec 2024 02:30:24 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43473#p43473</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43472#p43472</link>
			<description><![CDATA[<p>Is there a list of the mb_flag values and their meanings?</p><p>I searched the code and found A B D F and M, but no comments listing the values and meanings</p><p>tom</p>]]></description>
			<author><![CDATA[null@example.com (tom)]]></author>
			<pubDate>Sat, 28 Dec 2024 16:23:58 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43472#p43472</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43463#p43463</link>
			<description><![CDATA[<p>Average cost is simpler to implement, but FIFO is more accurate for tracking profit.&nbsp; To do FIFO in FA, you&#039;ll likely need to modify the database to track the cost of each individual item received, not just an average.&nbsp; Then, your sales processing would need to pull the oldest cost first.&nbsp; That&#039;s a pretty big change, so start small.</p>]]></description>
			<author><![CDATA[null@example.com (Stotle)]]></author>
			<pubDate>Fri, 27 Dec 2024 15:44:32 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43463#p43463</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43457#p43457</link>
			<description><![CDATA[<p>I&#039;d like to help, we might be able to translate COBOL into PHP without too much trouble</p><p>I am just not sure how to add an option within FA for handling that on a case by case basis (GL Code, Globally?)</p><p>But is it something that is needed</p>]]></description>
			<author><![CDATA[null@example.com (tom)]]></author>
			<pubDate>Fri, 20 Dec 2024 15:57:22 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43457#p43457</guid>
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			<title><![CDATA[Re: Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43456#p43456</link>
			<description><![CDATA[<p>Good morning Tom,</p><p>I&#039;m very familiar with Inventory valuation using FIFO/LIFO/Average/Standard costing methods.&nbsp; I worked with several accounting systems from Real World, MCBA, Maccola, and now Pass-Port Software.&nbsp; I used to have the source code for the Inventory Control module from Real World.&nbsp; This was coded using COBOL... yes, I know this is supposed to be a dead programming language.&nbsp; But, it is still in use more than 40 years later.</p><p>I now own a brewery and have been utilizing Front Accounting since 2018.&nbsp; Unfortunately, I haven&#039;t been using the Purchasing, Inventory and Manufacturing modules primarily because it doesn&#039;t support FIFO.&nbsp; </p><p>I do know some PHP coding as well but the Object Oriented concepts are foreign to an old &quot;Top Down&quot;, &quot;Structured Design&quot; COBOL programmer.&nbsp; I would be willing to take this on if you are willing to help with the PHP coding.</p>]]></description>
			<author><![CDATA[null@example.com (blhelm)]]></author>
			<pubDate>Fri, 20 Dec 2024 14:08:51 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43456#p43456</guid>
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			<title><![CDATA[Inventory cost/value]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=43437#p43437</link>
			<description><![CDATA[<p>I see a number of messages questioning how the item cost is handled be it a fixed cost or an average cost.</p><p>I am honestly not sure which is right.</p><p>Nor how to correct it if it gets miss adjusted...</p><p>I am also interested in implementing a FIFO method where the cost is the cost of the item when it was purchased.<br />So if I bought 100 widgets at $4 each and later got 200 and paid $6 each as I sold them the price would follow the purchases<br />I could sell 90 and the cost would be $4 each and then if I sold 20 then 10 would be at cost $4 and 10 at cost $6</p><p>I guess if a transaction were voided and freed up some $4 units then a later sale would get some at $4</p><p>I am a php programmer so can do some of the work, but I could use some guidance as to WHERE to make the changes...</p><p>This might be usable for normal inventory, but it is also needed for handling of Crypto as a material asset</p><br /><p>tom</p>]]></description>
			<author><![CDATA[null@example.com (tom)]]></author>
			<pubDate>Wed, 27 Nov 2024 17:04:00 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=43437#p43437</guid>
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