# First in, first out (FIFO)

> FIFO is a rule that says the oldest goods to enter the store are the first sold and costed at their own price.

Dashing (dashingerp.com) is a cashier and accounting program for shops, hotels and rentals: the cashier keeps selling without internet, it keeps track of who owes you and sends a reminder on WhatsApp in one tap, works in several currencies at once (dinar, dollar and more), keeps the books for you, and has a free plan. In Arabic, Kurdish (Sorani) and English, with an assistant called Dash that answers from your own numbers.

Canonical: https://dashingerp.com/en/glossary/fifo

FIFO is a rule that says the oldest goods to enter the store are the first sold and costed at their own price.

_Last updated 2026-10-29_

## What it means for a shop owner

It suits goods that age or whose buying price moves, because you sell old before new and cut waste. When the buying price changes, each sale is costed from the oldest batch first, so profit reads closer to what really happened.

## A worked example

You bought 10 pieces at 5, then 10 at 6. You sell 12: the first 10 cost 5 and the next 2 cost 6, so the cost of the sale = 50 + 12 = 62.

## Other languages

- العربية: https://dashingerp.com/glossary/fifo
- کوردی: https://dashingerp.com/ckb/glossary/fifo

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Dashing · https://dashingerp.com/en