Can I change inventory tracking from FIFO to weighted average for specific products? ie... FIFO- for store items, W/Avg for gasoline.

Hello, Melanie B73. Let me share some insights about how inventory works in QuickBooks Online.

QBO only handles inventory in the FIFO method. 

In the meantime, you can search for an inventory management app that lets you do this in QBO. You can go to the Apps and browse for apps that integrate with QBO. I'll show you how:

1. Go to the Apps tab.
2. Type in inventory tracking in the Search by name or category field.
3. Or you can click the Browse category drop-down for a more specific search.

Also, you can visit our QuickBooks Apps to find the right app for your business.

You can also check this article for additional reference about the FIFO method: What is FIFO and how is it used for inventory cost accounting?.

I'm always around if you have any other questions about managing inventory in QuickBooks Online.

---

@Melanie B73 wrote:
My challenge is in prev acct. program I could do this. 

---

@Melanie B73 

Which accounting program did you have? Do you run a manufacturing company or a wholesale/retail one?

I used Sage Business Works and run a retail company.  I didn't run FIFO and W/A exactly, but the way inventory was tracked I could pull a weighted average cost every day, while also tracking dollars instead of units for inventory purposes.