Quickbooks Online stock

Quickbooks Online stock

Didn't find your answer?

Hello

I am using Quickbooks Online. I understand that stock is valued at the average cost using Quickbooks Online. HMRC does not approve such valuation method.

Closing stock should be at the lower of cost and net realisable value. What adjustments or how do you get round to getting the correct stock valuation using Quickbooks Online?

Thanks for your assistance.

Replies (1)

Please login or register to join the discussion.

By johngroganjga
22nd Aug 2014 11:39

How does it calculate the average - i.e. over what period?

Thanks (0)