Real inventory, on real books.
Quantities, weighted average cost, and COGS — automated. Nefin posts the journal entry on every sale and every receipt.
- Quantity on hand per item
- Weighted average cost (WAC)
- COGS posts on every sale
- Movement history per item
What you get
Stock counts, weighted average cost, and COGS — without a separate system.
How it works
- 1
Mark items as tracked
Flip an item to inventory-tracked. Set the inventory and COGS accounts.
- 2
Receive stock
Bills with inventory items increase quantity and roll into the WAC.
- 3
Sell stock
Invoices and POS sales reduce quantity and post COGS at the current WAC.
- 4
Adjust when needed
Damages, counts, transfers — adjustments are first-class, with a memo and audit trail.
Frequently asked
Does Nefin support FIFO or LIFO costing?
Today, weighted average cost only. WAC is a clean, defensible default for most small businesses.
Can I run a stock count and adjust?
Yes. Stock counts produce adjustment entries that post to a configurable inventory-adjustment account.
Does the desktop POS update inventory?
Yes. POS sales sync to Nefin and reduce inventory + post COGS exactly like invoice sales.