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 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, 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

With automated valuation turned on, each receipt and delivery posts a journal entry to your inventory account. Open the stock valuation report to see the total value of goods on hand by product or category. Those figures tie back to your accounting, so the value of inventory shows up in Accounting alongside the rest of your numbers.

Related

• Inventory
• Accounting