Inventory Management Settings

While listing, you can enter a purchased date for each item.  This determines the FIFO (first in, first out) order in which the other purchase details entered (cost/unit and supplier) are applied to sales as the item sells.

If you don't track the purchase dates for items, you can set the dates to default to the current date when this field is left blank while listing.  This setting also applies to Buy Lists and files imported to the Inventory pages when the Purchased Date column is left blank.

If you replenish items, this helps your accounting data stay accurate without you needing to enter purchase dates.  These dates can always be updated later on from the Inventory pages or by using the Bulk Edit feature if needed. 

Activating/Deactivating the Purchase Date Toggle

To activate or deactivate this capability, click your Account Name and select Settings from the dropdown menu. 

Click General.

Scroll to the Inventory Management section.  Click the toggle next to Purchase Date to turn it On or Off.

Note: If you have "Purchase" set to Remember Last Entry in your List Settings while this Purchased Date feature is enabled, the Remember Last Entry setting will still be used while listing.