Odoo Addons (MOVED TO GITHUB)

inventory accounting according to FIFO and LIFO

Asked by Akshay Jain

How can inventory accounting be done according to FIFO or LIFO rule of inventory?

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Vinay Rana (OpenERP) (vra-openerp) said : 		#1

Hello Akshay Jain,

You can Maintain Inventory method (LIFO /FIFO) using tracking lots from this you can assign the unique lot number.
For more detail understanding you can use following links:
http://doc.openerp.com/book/5/5_14_Stock/5_14_Stock_lots.html?highlight=tracking%20lot

You can use production lot also, following related link will help you:
http://doc.openerp.com/book/5/5_15_Manufacturing/5_15_Manufacturing_production.html?highlight=tracking%20lot

Hope this will help you.

Thanks.

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