Create an Inventory item

Inventory model

Create an Inventory Item

Inventory base

New Inventory Unfilled

New Inventory Filled

Inventory List

<a name=“inventory_model> Inventory model

An Inventory model determines how you’d like to determine the costing of your inventory. For example, when you compare the Profit of you inventory, you need to ensure that the cost of the inventory is accurately reflected to ensure that you have a true reflection on what your profit margins are.

Kudoo supports the following Inventory costing methodologies:

The reason we only support these is that these are the only ones that are supported by GAAP and IFRS.

This means when you run your Financial Reporting through Kudoo that means you’ll be compliant with your countries Accounting standards.