6 docs tagged with "Weighted Average Cost"

Where Bookkeep Inventory gets each item's cost, what the weighted average cost and last cost received setting changes in Shopify, and what happens when you switch between the two.

How to fix a purchase order receipt in Bookkeep — void a receipt that was entered incorrectly or correct just the cost — and exactly what happens to your weighted average cost (WAC), supplier costs, Shopify cost, and inventory in each case.

How Bookkeep calculates weighted average cost (WAC) from a replayable variant cost ledger, how WAC is first established when you migrate from Stocky, and how landed cost allocation and the Shopify cost sync feed your COGS.

Answers to the questions merchants ask most about Bookkeep Inventory: getting data out of Stocky, suppliers, weighted average cost, bills to QuickBooks, receiving, stocktakes, transfers, and stores that run more than one entity.

The Inventory on Hand report in Bookkeep Inventory: on hand, available, committed and on order quantities for every tracked Shopify variant, by location, with weighted average cost, value on hand and retail value, refreshed from Shopify every 15 minutes.

The full path from Stocky to Bookkeep Inventory: connect your API key, import suppliers and purchase order history, seed your opening weighted average cost from a variant CSV, and run your first live purchase order.