When using Intuit Enterprise Suite (IES), you now have two methods with which to value your inventory. As with QuickBooks Online SKUs, IES offers First In, First Out (FIFO) inventory valuation. But now, you can elect to use Moving Average Cost (MAC), which is more closely related to the 'Average Cost' method used in QuickBooks Desktop products, such as QuickBooks (Desktop) Enterprise. Click here to read the rest of the story.
Insightful Accountant Newsletter
Like what you're reading?
Subscribe to our FREE newsletter and we'll deliver content like this directly to your inbox.