LIFO is one of several methods used to assess the consumption and value of stock. It is based on the assumption that the last goods to enter the warehouse (last in) are also the first to be removed and sold (first out). In times of rising purchase prices, this can lead to the Production costs higher and therefore the reported profit is lower. The method is mainly used in the USA, as it is recognised in accordance with US GAAP is permitted. Special valuation requirements can be met by add-ons such as the Versino Financial Suite that enable advanced financial analyses.
E-Rechnungs-Check der Versino Financial Suite
Eine E-Rechnung ist schnell erzeugt. SAP Business One bringt die XRechnung im Standard mit, und wer mit cks.eINVOICE oder dem ...
Versino accounting service
Bookkeeping should run quietly. Vouchers come in, are posted, the VAT return goes out, and the tax advisor also gets a ...
Cash flow planning in SAP Business One: What the Versino Financial Suite does differently
Cash flow planning is considered a done deal in many medium-sized companies. After all, there are bank statements, there are open items, ...
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we'll show you practical ways to harmonise, streamline and automate your accounting in SAP Business One….
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
The e-invoice has moved beyond the theoretical IT project phase. Since January 2025, the obligation to receive e-invoices applies to all domestic companies — ...
Netting in SAP Business One: What makes the Versino Financial Suite different
When a business partner is both a customer and a supplier, that sounds like a comfortable situation. You know each other, you trust...
