Counts & valuation

EVERJUST keeps recorded stock in line with reality and puts a value on what you hold. You count, adjust, set a costing method, and see the value in the books.

Run counts and adjustments

A physical count checks what is on the shelf against what the system shows.

1. Open Inventory and go to Operations ▸ Adjustments ▸ Physical Inventory.
2. Pick the products or location to count.
3. Enter the counted quantity for each line.
4. Click Apply to record the adjustment.

EVERJUST writes a stock move for any difference, so recorded stock matches the count.

Choose a costing method

Each product category uses a costing method that decides the value of a unit. Choose Standard Price for a fixed cost you set, FIFO (first in, first out) for the cost of the oldest stock, or Average Cost for a running average of what you paid. The method drives the value of every move in and out.

See stock valuation in the books

Valuation runs one of two ways, set per product category. With Periodic (at closing), you compute and record the value of inventory when you close your books. With Perpetual (at invoicing), a journal entry posts to your inventory account automatically when a product is billed or invoiced. Either way, the Inventory Valuation report shows the value of goods on hand by product or category, and those figures tie back to your accounting.

Related

• Inventory
• Receipts & deliveries
• Accounting