For the last two years we have been using MISys for our inventory module. We closed our production facility a year ago and MISys is too much software for what I need so I am switching everything over to Sage 50 inventory management. My question is this, what do most users use as a cost basis for their inventory. We have a standard cost system, which Sage does not have. I am trying to decide between average cost and FIFO. My home office in Poland requires all of my sales reports GM%'s to match the P&L. At first I was leaning toward average cost, but I think the FIFO method may be more accurate for my reports. I am creating the new part numbers now and need to make this decision before I start using the system. Your input would be greatly appreciated.
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