Search

Search finance product information

Search published products and information.

Search results

2 results

inventory costing
An accountant reviews period-end ledgers and close figures

Period-End Close

Run monthly profit and loss close or annual profit close from one place, using the remaining balance to calculate the amount.

Close
Monthly and annual
Calculation
Remaining account balance
A warehouse supervisor checks inventory with a tablet and scanner

Inventory Costing

Record opening stock, movements, returns and counts, then calculate month-end cost using weighted average or FIFO before posting.

Methods
Month-end weighted average, FIFO
Calculation
At month end