Stock Cost

Stock cost is a key metric for effective financial management and business strategy—crucial for understanding the expenses involved in acquiring, storing, and managing inventory. It helps determine the cost of goods sold (COGS), which is essential for accurate financial reporting and profitability analysis. By knowing inventory costs, businesses can set appropriate prices that cover their expenses and achieve desired profit margins. It also aids in budgeting and financial planning by providing insights into inventory-related expenses and helping with purchasing decisions.

In this module, products are organized by categories, ensuring that during POS transactions, items are displayed according to their respective categories along with the necessary data for stock cost.