Glossary
First expired, first out (FEFO)
FEFO is a rule that says the batch closest to its expiry date is sold first, whatever day it arrived.
What it means for a shop owner
Pharmacies, groceries and any shop selling food or medicine need it, because a batch that arrived late can expire before one that arrived early. The biggest gain is less stock thrown away after expiry.
A worked example
You hold batch A expiring in 20 days and batch B expiring in 60 days, and B arrived first. You sell from A first because it expires sooner.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes