Inventory Management
إدارة المخزون
📖 Definition
Inventory management is the process of ordering, storing, tracking, and controlling a company's stock. Includes methods like FIFO, LIFO, and weighted average for costing inventory in financial statements.
In everyday Saudi accounting work, inventory management matters because it affects invoice accuracy, financial reporting, tax filing, or ZATCA compliance depending on the transaction.
📖 التعريف بالعربية
إدارة المخزون هي عملية طلب وتخزين وتتبع ومراقبة مخزون الشركة. تشمل طرق مثل FIFO وLIFO والمتوسط المرجح لتكلفة المخزون في القوائم المالية.
💡 Example
A retail store uses FIFO inventory method: first items purchased are first items sold, ensuring oldest stock moves first.
متجر تجزئة يستخدم طريقة FIFO للمخزون: أول الأصناف المشتراة هي أول المباعة، مما يضمن تحرك المخزون الأقدم أولاً.
When this term matters
Invoices
Use the correct term and value before issuing ZATCA-compliant invoices or credit notes.
Reports
Map it to the right account, tax field, or compliance report to avoid reconciliation gaps.
Compliance
Keep the Arabic and English meaning aligned when working with auditors, ZATCA, or customers.
Automate Inventory Management with Qeemah
Qeemah accounting software handles inventory management automatically, ensuring ZATCA compliance and reducing manual work.