Today Xero released a new and improved Inventory. You can now track the quantity and value of the products you buy and sell. Inventory accounting is done for you - your balance sheet is automatically updated and your cost of goods sold is automatically calculated. Always know how much product you have on hand and how profitable your products are.

The new Xero Inventory has very much improved functionality. However, it is still very basic. For some organisations, an add-on inventory solution would still be more suitable. You might consider using an add-on if your organisation:

• Manufactures goods for sale
• Regularly operates with negative inventory, that is, you sell goods before you've purchased them
• Requires purchase order receipting
• Needs to use a different inventory accounting method than average cost, for example, FIFO (first in, first out) or LIFO (last in, first out).

Because Inventory now has full accounting, Inventory is moved out of Settings and into Accounts on the header.


Learn about the new Xero Inventory in the video below.

Astab is proud to announce that we are relocating our main operations to a new office located at 21 Woodlands Close, Primz Bizhub #08-44 Singapore 737854. The new office is located along Woodlands Ave 12 accessed easily from the SLE Woodlands Ave 12 Exit. The nearest MRT station is Admiralty, just 3 bus station away.  With the new office, we will be expanding our serviced office, registered address and virtual office services. 

Stay tuned for more updates on the expanded serviced office, registered address and virtual office services.