FrontAccounting forum — Using FIFO and LIFO in Frontaccounting

Re: Using FIFO and LIFO in Frontaccounting

2018-12-11T15:53:59Z

2007: https://frontaccounting.com/punbb/viewtopic.php?id=46
2010: https://frontaccounting.com/punbb/viewtopic.php?id=1537
2011: https://frontaccounting.com/punbb/viewtopic.php?id=2033
2013: https://frontaccounting.com/punbb/viewtopic.php?id=2814
2014: This post - https://frontaccounting.com/punbb/viewtopic.php?id=4775
2018: Still no way forward - or is there?

Summary:
1. FA uses Average Costing (COGS) for now, when delivering.
2. To handle FIFO we need an extra field in stock_moves indicating how many of the items have been checked out/in.
3. The stock_master fields are updated whenever there is a purchase.

Re: Using FIFO and LIFO in Frontaccounting

2014-03-04T17:33:01Z

Thanks for your response.

I need to use either LIFO of FIFO method with FA. How can do that? Is there any alternative for LIFO or FIFO, how can I use that on FA? I really love this great project, but I need to get this answers badly.

Regards.

Re: Using FIFO and LIFO in Frontaccounting

2014-03-04T08:52:04Z

FA doesn't use FIFO or LIFO. FA uses average material costs.

Joe

Using FIFO and LIFO in Frontaccounting

2014-03-04T07:54:59Z

Hi everybody,

How can I use FIFO and LIFO method in FA inventory? I've not found anything on FA Wiki regarding this. Please help me experts.

Thanks in advance.