How to Activate the FIFO Method in CStoreOffice®

To start using the FIFO method, it should be activated. In CStoreOffice®, it is activated differently for each of these inventory types.

The FIFO method can be activated for the account in the account system settings.

To activate the FIFO inventory accounting method or to check to see if it is activated, please contact the Petrosoft Support Team:

It is strongly recommended to do a full store inventory for stations on a regular basis to make the FIFO method work properly.

To activate the FIFO calculation method for cost of fuel inventory on a station, follow these steps:

From the CStoreOffice® home page, go to Data Entry > Dashboard > Misc.
Result: The station Options : Misc form opens.
In the station Options: Misc. form, do the following:
Go to Station Options > Calculation method for cost of inventory.
Select First in-First out.
At the bottom left of the form, click Save.