The FIFO and LIFO valuation methods are examples of accounting principles that measure the value of inventory. FIFO and LIFO value inventory very differently, so the same inventory can have ...

However, not every business has to use the same valuation method. There are pros and cons to different inventory methods that depend on the size of the company, the type of inventory it stocks and ...

A valuation attempts to estimate the current worth of an asset or company. Several methods and techniques can be used and each can produce a different value.

LIFO is generally the preferred inventory valuation method during times of rising costs. It places a lower value on the remaining inventory and a higher value on the cost of goods sold, thus ...

To help, Fleetio added new inventory valuation methods to its list of offerings on Tuesday — LIFO / FIFO (Last-In First-Out, First-In First-Out) — which is an accounting method that Fleetio ...

Fleet maintenance software Fleetio has added new inventory valuation methods to its offerings: LIFO / FIFO (last-in first-out, first-in first-out). LIFO / FIFO is an accounting method for ...

Fleetio currently offers over 25 key features, including parts and inventory management, inspections, VIN decoding, work orders and more within the cloud-based software and mobile app, Fleetio Go.