Inventory Cost Methods

See General Preference #1

Hybrid – user control of cost updates and ledger posting
Flexible edits, lots of buttons to click

Standard Cost, aka Retail Cost Method
Not as accurate, simpler, fewer transactions than real time cost

Real Time cost with Ledger Updating
Uses weighted average cost
Less flexible. Lots of transactions.

Real Time cost without Ledger Updating
Uses weighted average cost
Less flexible

For accurate accounting, you must do the Month End Inventory Reconciliation.

Revised 9/28/2015 – SV