Valuation Methods

The valuation method is used for monthly reconciliation. It allows you to capture beginning, ending, and summarized transaction activity by month and/or to make adjusting entries to correct inventory values when "ins" and "outs" are not posted in sequence.

There are two valuation methods available: FIFO and LIFO. Select the links below for more information about these valuation methods.

Valuation Method: FIFO (First In, First Out)

Valuation Method: LIFO (Last In, First Out)