Logicim's ready-to-use Sage 50 CA FIFO Costing.

Introduction

The FIFO Costing report values inventory using the first-in, first-out method, where the oldest purchases or production are assumed to be used or sold first.

Prerequisites

View Requirements here

XLGL Requirements dropdown on the Logicim product page

What the Report does

Calculates cost of goods sold (COGS) by consuming older inventory costs first.,Values remaining inventory using the most recent purchase costs.,Provides both Report and Chart views for inventory cost analysis.

How to use the Report

Step 1: Enter the reporting date in cell C8.

Step 2: On the XLGL ribbon, click Refresh.

Step 3: Review the results in the Report and Chart views.

Customization options

Add explanatory text to the form header when needed.

Common use cases

  1. Value inventory using the FIFO accounting method.
  2. Calculate cost of goods sold according to purchase sequence.
  3. Track inventory cost flows for financial reporting and analysis.

Troubleshooting

Issue: No data appears after refresh.
Solution: Verify the date in C8 and confirm that records exist for the selected period.

FAQs

Q: How do I print the report?
A: Open the Form and press Ctrl+P.

Best practices

  1. Save a backup copy before making significant changes.
  2. Review the report regularly to identify inventory-cost trends.
  3. Keep the reporting date consistent when comparing results.

References

Request a Custom Report: https://www.logicimtech.com/en/Services/CustomReport

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Edited: Monday, August 31, 2026

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