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naas-datacolor
Level 2
posted
‎January 04, 2021 11:49 PM
last updated ‎January 04, 2021 11:49 PM

Does QBO allow selection between FIFO or Average for inventory valuation? (when creating the inventory item)

 
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3 Comments 3
Fiat Lux - ASIA
Level 15
‎January 05, 2021 12:57 AM

Does QBO allow selection between FIFO or Average for inventory valuation? (when creating the inventory item)

QBO only calculates the inventory by FIFO. You need an inventory management app to calculate it by Average Cost and integrate it with your QBO account. 

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naas-datacolor
Level 2
‎January 05, 2021 01:34 AM

Does QBO allow selection between FIFO or Average for inventory valuation? (when creating the inventory item)

Thank you for your kind response.

and how or where can I get that inventory management app ? 

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Fiat Lux - ASIA
Level 15
‎January 05, 2021 02:07 AM

Does QBO allow selection between FIFO or Average for inventory valuation? (when creating the inventory item)

Company has acquired an inventory management app. You may explore it.

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

 

You may compare it with another app if required

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

 

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