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179 VOTE
Status Acknowledged
Product IRIS KashFlow
Categories Other
Created by Guest
Created on Jan 10, 2017

RELATED IDEAS

Stock Manager for Stock Value Calculation, Tracking Quantity Sold & Cost of Goods Sold

As of yet I haven't been able to find a program which helps small business owners to calculate accurate stock valuations and cost of goods sold (COGS) based on either LIFO or FIFO principles. Using Excel is both time consuming and susceptible to so many errors. I'm sure that having this incorporated in the Kashflow Stock Management facility would be extremely useful for all users of Kashflow who sell products and therefore require accurate and reliable stock valuations in order to calculate their profits.
  • ADMIN RESPONSE
    Jan 10, 2017
    Thanks for your most recent comments on this. We are currently looking at a few different add-ons that we can integrate with to provide this functionality. We will not be expanding the current KashFlow stock management system anytime soon, so this functionality will be delivered by an app that we can integrate with and is trusted by KashFlow. This will be launched in an upcoming release, so please do take a look.
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    • Guest
      Reply
      |       Feb 6, 2017

      Please look at wasp barcodes or nch software 

    • Guest
      Reply
      |       Jan 10, 2017

      I agree. Costing of product and database of information stating sales, time, etc, is a very powerful for projecting the future of any business

    • +137