Module 4 · Core · 8 lessons · about 67 min
Inventory and costing
Items, units, warehouses, opening stock, costing methods, adjustments, stocktakes and how stock ties to the ledger, taught on Zeyto.
What you will be able to do
- Create items with correct type, units, barcodes and VAT code
- Set up warehouses and post opening stock
- Calculate moving-average, FIFO and LIFO cost on the same sale
- Post transfers, adjustments and stock counts and name the entries
- Read the stock reports and trace a quantity to its documents
- Reconcile the Inventory account with the stock valuation
Lessons
- 1. Items: the products you buy, sell and count 8 min
- 2. Units of measure and pack sizes 7 min
- 3. Warehouses, racks and opening stock 8 min
- 4. Costing: how stock is valued 10 min
- 5. Moving and adjusting stock 8 min
- 6. Stock counts, batches and serial numbers 9 min
- 7. Stock reports and item history 8 min
- 8. How stock ties to the general ledger 9 min