In BizCentric, the stock valuation of an item is adjusted upon the creation of one of the following transactions:

1. Purchase Receipt
2. Material Receipt type Stock Entry
3. Stock Reconciliation used for updating the opening balance of stock.

You have the option to choose a valuation method that determines how the item’s value is calculated. The valuation method can be set globally for all items in the Stock Settings.

Alternatively, you can specify a valuation method in the item master, particularly when the method for a specific item differs from the default method.

Note: that once ledger entries are made for an item, this option will no longer be visible in the Item form.