FIFO Products

FIFO (First In First Out) products are WorkGuru's standard stock controlled product type. WorkGuru uses the FIFO perpetual inventory method, where it tracks the landed unit cost of products on each inward transaction, and uses or dispatches them from oldest to newest. FIFO products are identified by the product's Tracking Type set to FIFO.

FIFO products will track the current stock on hand quantity, and will not let you use or dispatch if there is not enough in stock.

Using a FIFO product on a project or production job, or dispatching on a stock sale is when WorkGuru will decrease the stock on hand quantity and record the actual COGS (cost of goods sold).