Inventory with FIFO, LIFO, or weighted average costing.

Items

Item catalog with cost layers.

Each item tracks SKU, name, GL accounts, and the cost layer history under your chosen method (FIFO, LIFO, weighted average). Stock movements (receipts, shipments, adjustments, transfers) update the layers and post COGS automatically via SmartGL.

• FIFO, LIFO, weighted average.
• Cost layer tracking per item.
• Stock movements with auto-COGS posting.
• Inventory valuation reports.

Counts

Physical counts with variance.

Generate count worksheets, enter actuals, and Quoining computes variance and posts the adjustment JE.

Why Quoining

Inventory valuation on the ledger, not synced to it.

Inventory add-ons sync quantities and leave valuation drift for the accountants. Quoining tracks items, movements, counts, and COGS as ledger activity, so margins are real.

• FIFO costing with movements that post through the same engine as everything else.
• Physical counts generate adjustment entries with approval.
• Sales receipts, POs, and receiving tie quantity to value continuously.