Understand Inventory Valuation
Inventory valuation determines how you value stock on the balance sheet and how you calculate cost of goods sold. PrimeBase supports methods like FIFO and weighted average, and explains the accounting impact so you can run reports and stay compliant.
Understand inventory valuationFIFO and weighted average
Choose a valuation method that fits your business. FIFO (first in, first out) and weighted average are common; PrimeBase applies the method to your movements and shows the resulting value and COGS.
Accounting impact
Valuation affects your balance sheet (inventory asset) and income statement (COGS). When you understand how movements and method drive these numbers, you can explain them to your accountant or auditor.
Inventory valuation in PrimeBase
PrimeBase supports FIFO and weighted average costing. The inventory valuation report shows current value by item, warehouse, or category; you can filter and export. Movements and cost layers drive the numbers, and the same valuation flows into accounting so your books and inventory records stay aligned. That’s inventory valuation and inventory valuation method handling built into one system.