FIFO costing
Stock is valued on a first-in, first-out basis, so the cost of what you sell reflects what you actually paid — no guesswork on margins.
Inventory · Built in
Inventory management built for the UAE
Track stock with FIFO costing, record every movement, and let cost of goods sold post itself as you sell — so your margins are real and your Balance Sheet stays right.
Stock that keeps your margins honest
If you buy and sell physical goods, your profit depends on knowing exactly what your stock cost. Guess the cost and you misstate your margins, your VAT position, and your Balance Sheet. AIMuhaseb removes the guesswork by valuing inventory on a FIFO basis.
Under first-in, first-out, the earliest stock you purchased is the first expensed when you sell — so cost of goods sold reflects what you actually paid, and your remaining inventory is valued on your most recent costs. Every receipt, sale, and adjustment is captured as a stock movement, giving you an accurate quantity on hand at any moment.
Raise purchase orders to suppliers, receive against them, and keep an eye on what's running low. Because inventory sits inside your IFRS double-entry books, stock value and COGS flow straight into your financial statements — no separate reconciliation required.
What the inventory engine does
Accurate stock, accurate costs, accurate accounts.
Stock movements
Every receipt, sale, and adjustment is recorded as a movement, giving you an accurate quantity on hand at any moment.
Cost of goods sold
COGS is calculated automatically as you sell, so your gross profit is real — not a spreadsheet estimate at month end.
Products
Keep a clean catalogue of your products with costs, prices, and current stock levels in one place.
Purchase orders
Raise purchase orders to suppliers, then receive against them so your stock and payables stay in step.
Reorder awareness
See what’s running low so you can restock before you run out and lose a sale to an empty shelf.
How it fits your books
Inventory isn't a standalone tracker — it's wired into the ledger. Sell an item and the cost of goods sold posts automatically; receive a purchase order and your stock value and payables update together.
Bill the stock you sell with invoicing software, see the value on your IFRS financial statements, and if you're choosing a system, weigh it up in our accounting software buyer's guide for UAE businesses.
- FIFO valuation so cost of sales and margins are accurate
- Stock movements tracked on every receipt, sale, and adjustment
- COGS calculated automatically and posted to your ledger
- Purchase orders received against, keeping stock and payables aligned
- Reorder awareness so you restock before you sell out
- Inventory value flows straight into your Balance Sheet
FAQ
Inventory questions
How does AIMuhaseb value inventory?
AIMuhaseb uses FIFO (first-in, first-out) costing. As you sell, the earliest stock you purchased is expensed first, so the cost of goods sold reflects what you actually paid and your remaining stock is valued on the most recent costs. This is a widely accepted IFRS method.
Does it calculate cost of goods sold automatically?
Yes. Each time you sell an item, AIMuhaseb draws down stock on a FIFO basis and posts the cost of goods sold to your ledger, so your gross profit is accurate without any manual month-end calculation.
Can I raise purchase orders?
Yes. You can raise purchase orders to your suppliers and receive stock against them. Receiving updates your quantities on hand and keeps your inventory and accounts payable in step.
Will it tell me when to reorder?
AIMuhaseb gives you visibility of stock levels so you can see what is running low and restock before you run out. You stay in control of when and how much to order.
Does inventory connect to my financial statements?
Yes. Inventory is part of the same IFRS double-entry system as the rest of your books. Your stock value appears on the Balance Sheet and cost of goods sold flows into the Profit & Loss automatically.
Enquire
See inventory in action
Tell us what you stock and we'll show you FIFO costing and COGS working live in AIMuhaseb. Prefer to start now? Use Get started above.