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muath-akash
Level 1

I have noticed that the system calculates COGS based on FIFO, how can I change this to weighted average?

 
4 Comments 4
vpcontroller
Level 11

I have noticed that the system calculates COGS based on FIFO, how can I change this to weighted average?

@muath-akash 

 

You can't change it. QBO calculates COGS based on FIFO, that's known.

Fiat Lux - ASIA
Level 15

I have noticed that the system calculates COGS based on FIFO, how can I change this to weighted average?

@muath-akash ,

Average cost is available in QuickBooks Desktop. Consider using an inventory management app with the average cost feature and integrate it with your QBO.

Greight
Level 1

I have noticed that the system calculates COGS based on FIFO, how can I change this to weighted average?

What apps integrate with QBO AND are able to send Average Cost as COGS? I believe the only way to do this would be to turn off QBO Inventory - is this possible? What are the implications of turning off (if it is possible)?

Fiat Lux - ASIA
Level 15

I have noticed that the system calculates COGS based on FIFO, how can I change this to weighted average?

@Greight 

This app calculates inventory by moving average cost

https:// go.tradegecko.com/register?code=fiat-lux

 

This app calculates inventory by weighted average cost

https:// www.zaperp.com/ref/25/

 

 

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