Costing
Run FIFO, LIFO, average, and standard cost at the same time
Legacy systems lock an item into one costing method the day it's created. Cairn keeps all four live at once, at the item and lot level, so you can see margin under any lens without re-keying a thing.
See it in CairnOat base · value on hand · Oct 31
FIFO
19,275.00
LIFO
18,150.00
Average · book
18,630.00
Standard
18,600.00
No drift on this item, as of Oct 31
How Cairn closes the gap
The legacy gap
NetSuite permanently binds an item to a single costing method. Moving from average to standard means zeroing inventory, deactivating history, and recreating the item, which severs your historical reporting continuity.
What Cairn does
Cairn maintains FIFO, LIFO, weighted-average, and standard cost simultaneously for every item and lot, and costs by transaction date so backdated entries re-cost correctly across the period.
The payoff
Generate a real-time income statement under any costing method on demand, with no migration. Use LIFO for tax minimization in inflationary cycles while running standard-cost variance reports for the board.
What it does
Four methods, in parallel
FIFO, LIFO, weighted-average, and standard cost maintained simultaneously, never a one-way migration.
Lot-level cost layers
Every receipt becomes a cost layer with its own landed cost, so consumption is valued exactly.
Transaction-date accurate
Costing follows the business date, so backdated receipts and invoices re-cost in the right order.
Standard cost with variance
Standard-cost items post at standard with an automatic purchase-price-variance plug for clean analysis.
A tie with an author
Documents post to the cost layers and to the ledger together, so ordinary activity cannot open a gap. What can, such as a manual journal on the inventory account or landed-cost residue, Flint names per account as of any day.
A change of basis is dated
Moving an item to a new method or standard posts an inventory cost revaluation (ICR-n), so the history explains every figure.
Replace your legacy ERP. In weeks.
Twelve months and six figures used to be the price of admission. Bring your own items and vendors to a demo and see them in Cairn.
Get a demoWhite-glove implementationNo per-transaction feesNo surprise invoices