[{"data":1,"prerenderedAt":1035},["ShallowReactive",2],{"/blog/fefo-medicine-expiry-management":3,"related-/blog/fefo-medicine-expiry-management":314},{"id":4,"title":5,"author":6,"body":7,"date":300,"description":301,"extension":302,"image":303,"meta":304,"navigation":305,"path":306,"seo":307,"stem":308,"tags":309,"__hash__":313},"blog/blog/fefo-medicine-expiry-management.md","FEFO Explained: How Pharmacies Stop Losing Money to Expired Medicines (2026)","Setuverse Team",{"type":8,"value":9,"toc":291},"minimark",[10,14,38,43,116,123,127,130,155,159,169,175,180,206,212,216,238,242,248,254,260,275,278],[11,12,5],"h1",{"id":13},"fefo-explained-how-pharmacies-stop-losing-money-to-expired-medicines-2026",[15,16,17],"blockquote",{},[18,19,20,24,25,28,29,33,34,37],"p",{},[21,22,23],"strong",{},"Quick answer:"," ",[21,26,27],{},"FEFO (First-Expiry-First-Out)"," means the batch closest to its expiry date is always dispensed first — regardless of when you purchased it. It differs from FIFO, which sells the ",[30,31,32],"em",{},"oldest purchase"," first; a newer purchase can carry an ",[30,35,36],{},"earlier"," expiry, and FIFO would sell the wrong batch. For a typical medical store, disciplined FEFO plus expiry alerts cuts expiry write-offs dramatically — and since selling an expired medicine can cost you your drug licence, FEFO is compliance, not just economics. The practical setup: record batch + expiry at purchase, dispense by nearest expiry at billing, and act on alerts at 90/60/30/7 days.",[39,40,42],"h2",{"id":41},"fefo-vs-fifo-the-difference-that-catches-pharmacies-out","FEFO vs FIFO — the difference that catches pharmacies out",[44,45,46,61],"table",{},[47,48,49],"thead",{},[50,51,52,55,58],"tr",{},[53,54],"th",{},[53,56,57],{},"FIFO",[53,59,60],{},"FEFO",[62,63,64,83,94,105],"tbody",{},[50,65,66,70,77],{},[67,68,69],"td",{},"Rule",[67,71,72,73,76],{},"Oldest ",[21,74,75],{},"purchase"," leaves first",[67,78,79,80,76],{},"Nearest ",[21,81,82],{},"expiry",[50,84,85,88,91],{},[67,86,87],{},"Works when",[67,89,90],{},"Expiry roughly follows purchase order",[67,92,93],{},"Always — even when a new purchase has an older expiry",[50,95,96,99,102],{},[67,97,98],{},"Fails when",[67,100,101],{},"A later purchase carries an earlier expiry (very common with schemes/clearance stock from distributors)",[67,103,104],{},"—",[50,106,107,110,113],{},[67,108,109],{},"Best for",[67,111,112],{},"Costing/accounts",[67,114,115],{},"Physical dispensing of dated goods",[18,117,118,119,122],{},"The trap: distributors often push near-expiry stock at attractive rates. Under FIFO thinking, that \"new\" purchase sits at the back of the queue — and expires on your shelf. FEFO puts it at the ",[30,120,121],{},"front",", where it can still be sold safely.",[39,124,126],{"id":125},"what-expiry-losses-actually-cost","What expiry losses actually cost",[18,128,129],{},"Work the numbers for a mid-sized medical store doing ₹4–6 lakh/month:",[131,132,133,145,148],"ul",{},[134,135,136,137,140,141,144],"li",{},"Even ",[21,138,139],{},"1% expiry loss"," ≈ ₹4,000–6,000/month = ",[21,142,143],{},"₹50,000–70,000/year"," — several times the cost of the systems that prevent it.",[134,146,147],{},"Near-expiry returns to distributors are only accepted within limited windows (commonly 3–6 months before expiry, varying by company). Miss the window and the loss is fully yours.",[134,149,150,151,154],{},"And the non-financial cost: dispensing an expired medicine risks ",[21,152,153],{},"licence action"," by the Drugs Control Department, not just an unhappy customer.",[39,156,158],{"id":157},"running-fefo-in-practice-the-4-habits","Running FEFO in practice — the 4 habits",[18,160,161,164,165,168],{},[21,162,163],{},"1. Capture batch + expiry at purchase entry."," If expiry isn't recorded when stock arrives, no system downstream can save you. Every strip/bottle entering the store should exist in your records as ",[30,166,167],{},"item → batch → expiry → quantity",".",[18,170,171,174],{},[21,172,173],{},"2. Dispense by nearest expiry at the counter."," This is where manual FEFO breaks — a busy counter picks whichever strip is in front. Software that auto-suggests (or auto-selects) the nearest-expiry batch at billing makes FEFO the default rather than a discipline.",[18,176,177],{},[21,178,179],{},"3. Act on a 90/60/30/7-day alert ladder.",[131,181,182,188,194,200],{},[134,183,184,187],{},[21,185,186],{},"90 days:"," stop reordering; check distributor return window.",[134,189,190,193],{},[21,191,192],{},"60 days:"," return eligible stock; move the rest to front-of-counter visibility.",[134,195,196,199],{},[21,197,198],{},"30 days:"," discount/substitute actively where appropriate.",[134,201,202,205],{},[21,203,204],{},"7 days:"," final check; quarantine anything unsold at expiry — never leave it on the sales shelf.",[18,207,208,211],{},[21,209,210],{},"4. Quarantine expired stock immediately."," Physically separate, mark, and dispose per rules. An expired strip mixed into a live drawer is how licence trouble happens.",[39,213,215],{"id":214},"where-software-fits","Where software fits",[18,217,218,219,224,225,228,229,232,233,237],{},"This is one of the clearest cases for ",[220,221,223],"a",{"href":222},"/pharmacy-billing-software","pharmacy billing software",": Setuverse records batch and expiry at purchase, ",[21,226,227],{},"dispenses FEFO automatically at billing",", raises expiry alerts at 7/30/60/90 days, and ",[21,230,231],{},"blocks the sale of expired stock"," outright — at ₹2,999/year + GST, roughly one month's expiry loss for most stores. Grocery and ",[220,234,236],{"href":235},"/kirana-store-billing-software","kirana stores"," carrying dated FMCG benefit from the same logic.",[39,239,241],{"id":240},"faq","FAQ",[18,243,244,247],{},[21,245,246],{},"Is FEFO legally mandatory for pharmacies?","\nThe law prohibits selling expired medicines; FEFO is the operating practice that makes that prohibition workable day-to-day. Inspectors expect to see batch/expiry control in any case.",[18,249,250,253],{},[21,251,252],{},"Can I run FEFO with paper registers?","\nFor a very small counter, barely — it collapses with volume because every sale requires checking expiry across batches. Software makes it automatic.",[18,255,256,259],{},[21,257,258],{},"What do I do with expired stock?","\nQuarantine it away from saleable stock, record it, and return/dispose according to your distributor agreements and local rules. Keep the paper trail.",[18,261,262,265,266,269,270,274],{},[21,263,264],{},"Does FEFO change my accounting?","\nNo — FEFO governs ",[30,267,268],{},"physical"," flow. Your books can run FIFO or weighted average (see our ",[220,271,273],{"href":272},"/blog/fifo-vs-lifo-inventory-methods-retail","FIFO vs LIFO guide",").",[276,277],"hr",{},[18,279,280],{},[30,281,282,283,286,287,168],{},"Last updated: July 2026. See ",[220,284,285],{"href":222},"Setuverse Pharmacy Billing Software"," — FEFO dispensing, expiry alerts, expired-sale blocking — or ",[220,288,290],{"href":289},"/pricing","view pricing",{"title":292,"searchDepth":293,"depth":293,"links":294},"",2,[295,296,297,298,299],{"id":41,"depth":293,"text":42},{"id":125,"depth":293,"text":126},{"id":157,"depth":293,"text":158},{"id":214,"depth":293,"text":215},{"id":240,"depth":293,"text":241},"2026-07-19","First-Expiry-First-Out (FEFO) in plain language — how it differs from FIFO, how much expiry losses really cost a medical store, and how to run FEFO without spreadsheets.","md","/images/blog/fefo-expiry.jpg",{},true,"/blog/fefo-medicine-expiry-management",{"title":5,"description":301},"blog/fefo-medicine-expiry-management",[310,311,60,312],"Pharmacy","Inventory","Operations","V_kDnNSP1xOC84vl0dvGqU_mlOwDzkDd88Tdz63guGo",[315,681],{"id":316,"title":317,"author":6,"body":318,"date":300,"description":670,"extension":302,"image":671,"meta":672,"navigation":305,"path":673,"seo":674,"stem":675,"tags":676,"__hash__":680},"blog/blog/how-to-open-medical-store-india.md","How to Open a Medical Store in India (2026): Investment, Margins & Setup",{"type":8,"value":319,"toc":663},[320,323,350,358,362,459,462,466,536,543,547,568,572,611,618,620,626,635,645,651,653],[11,321,317],{"id":322},"how-to-open-a-medical-store-in-india-2026-investment-margins-setup",[15,324,325],{},[18,326,327,329,330,333,334,337,338,341,342,345,346,349],{},[21,328,23],{}," A standard retail medical store needs ",[21,331,332],{},"₹4–12 lakh"," to open: ₹3–8 lakh in starting inventory, ₹50k–1.5 lakh in interiors (racks, counter, refrigerator, AC where needed), licence costs of ₹5k–10k, plus a registered pharmacist on the payroll (typically ",[21,335,336],{},"₹15,000–30,000/month"," — often the biggest recurring cost). Margins are healthier than grocery: ",[21,339,340],{},"branded medicines retail at ~16–22% margin"," (fixed by trade norms), ",[21,343,344],{},"generics 20–60%+",", OTC and wellness products 15–40%. A well-located store doing ₹3–5 lakh/month typically nets ",[21,347,348],{},"8–15%"," after all costs. The make-or-break factors: location near prescribers, expiry control (FEFO), and distributor credit terms.",[18,351,352,353,357],{},"We covered the ",[220,354,356],{"href":355},"/blog/pharmacy-license-requirements-india","licences in detail here"," — this guide is the business side: money in, money out, and what decides which stores thrive.",[39,359,361],{"id":360},"investment-breakdown","Investment breakdown",[44,363,364,377],{},[47,365,366],{},[50,367,368,371,374],{},[53,369,370],{},"Head",[53,372,373],{},"Range",[53,375,376],{},"Notes",[62,378,379,390,401,412,423,434,445],{},[50,380,381,384,387],{},[67,382,383],{},"Starting inventory",[67,385,386],{},"₹3,00,000–8,00,000",[67,388,389],{},"2,500–6,000 SKUs typical; start narrower, expand from actual prescriptions",[50,391,392,395,398],{},[67,393,394],{},"Interiors: racks, counter, signage",[67,396,397],{},"₹40,000–1,00,000",[67,399,400],{},"Vertical storage maximises SKU density",[50,402,403,406,409],{},[67,404,405],{},"Refrigerator (+ backup for cold chain)",[67,407,408],{},"₹15,000–40,000",[67,410,411],{},"Mandatory for licence; insulin/vaccines need reliable 2–8°C",[50,413,414,417,420],{},[67,415,416],{},"Licences & registrations",[67,418,419],{},"₹5,000–10,000",[67,421,422],{},"Drug licence, S&E, trade licence, GST",[50,424,425,428,431],{},[67,426,427],{},"Billing system + printer",[67,429,430],{},"₹15,000–30,000",[67,432,433],{},"Batch/expiry-capable software is non-negotiable (see below)",[50,435,436,439,442],{},[67,437,438],{},"Working capital",[67,440,441],{},"₹1,00,000–2,00,000",[67,443,444],{},"Distributor credit softens this after 3–6 months",[50,446,447,452,457],{},[67,448,449],{},[21,450,451],{},"Total",[67,453,454],{},[21,455,456],{},"₹4.75–11.8 lakh",[67,458],{},[18,460,461],{},"Plus recurring: pharmacist ₹15–30k/month, rent, electricity — model ₹40–80k/month fixed costs for a standalone store.",[39,463,465],{"id":464},"margins-what-you-actually-earn","Margins: what you actually earn",[44,467,468,480],{},[47,469,470],{},[50,471,472,475,478],{},[53,473,474],{},"Category",[53,476,477],{},"Typical retail margin",[53,479,376],{},[62,481,482,493,504,515,526],{},[50,483,484,487,490],{},[67,485,486],{},"Branded/ethical medicines",[67,488,489],{},"~16–22%",[67,491,492],{},"Set by trade margin norms; volume game",[50,494,495,498,501],{},[67,496,497],{},"Generic medicines",[67,499,500],{},"20–60%+",[67,502,503],{},"The profit engine — quality generics + patient counselling",[50,505,506,509,512],{},[67,507,508],{},"OTC (pain relief, cough-cold, antacids)",[67,510,511],{},"15–30%",[67,513,514],{},"Impulse + repeat purchases",[50,516,517,520,523],{},[67,518,519],{},"Wellness, supplements, devices",[67,521,522],{},"20–40%",[67,524,525],{},"BP monitors, glucometers, proteins — growing share",[50,527,528,531,533],{},[67,529,530],{},"Surgical/consumables",[67,532,511],{},[67,534,535],{},"Steady B2B potential with clinics",[18,537,538,539,542],{},"The classic mistake is stocking only branded medicines: respectable margins, brutal competition. Stores that counsel patients on quality generic substitutes (where legally appropriate and with the prescriber's framework respected) earn structurally better margins ",[30,540,541],{},"and"," loyalty.",[39,544,546],{"id":545},"location-the-80-decision","Location: the 80% decision",[548,549,550,556,562],"ol",{},[134,551,552,555],{},[21,553,554],{},"Near prescribers"," — within sight of clinics, hospitals, diagnostic centres. Prescription footfall is the business.",[134,557,558,561],{},[21,559,560],{},"Residential density"," for the chronic-medication repeat base (diabetes, BP, thyroid = monthly repeat customers worth 10× a walk-in).",[134,563,564,567],{},[21,565,566],{},"Competition maths"," — being the 4th pharmacy at a hospital gate can still beat being the only one in a quiet lane, but differentiate on stock depth, home delivery, or hours.",[39,569,571],{"id":570},"daily-operations-that-decide-profitability","Daily operations that decide profitability",[131,573,574,584,593,599,605],{},[134,575,576,579,580,583],{},[21,577,578],{},"Expiry control (FEFO)"," — expiry write-offs are the silent killer; our ",[220,581,582],{"href":306},"FEFO guide"," covers the 90/60/30/7-day system. Distributor return windows are limited — miss them and the loss is yours.",[134,585,586,589,590,592],{},[21,587,588],{},"Batch-accurate billing"," — every sale should record batch and expiry; it's compliance (Schedule H1 registers) ",[30,591,541],{}," the base for returns.",[134,594,595,598],{},[21,596,597],{},"Substitution intelligence"," — knowing salt-equivalent stock instantly turns \"not available\" into a sale.",[134,600,601,604],{},[21,602,603],{},"Credit discipline with clinics"," — institutional customers are volume, but track receivables like a hawk.",[134,606,607,610],{},[21,608,609],{},"Repeat-customer reminders"," — a WhatsApp nudge when a chronic patient's monthly stock runs out is the cheapest revenue you'll ever earn.",[18,612,613,614,617],{},"Every item on that list is a software feature, not a memory skill. ",[220,615,616],{"href":222},"Pharmacy billing software"," with FEFO dispensing, expiry alerts, batch-wise billing, Schedule H1 registers and customer purchase history runs all five — Setuverse does it at ₹2,999/year + GST (about one day of a pharmacist's salary, per year).",[39,619,241],{"id":240},[18,621,622,625],{},[21,623,624],{},"Is a medical store profitable in 2026?","\nYes, for well-run stores: 8–15% net on ₹3–5 lakh/month revenue is realistic. The chronic-medication repeat base makes revenue unusually predictable versus other retail.",[18,627,628,631,632,168],{},[21,629,630],{},"Can I open one without being a pharmacist?","\nAs owner, yes — with a registered pharmacist employed and present. Details in our ",[220,633,634],{"href":355},"licence guide",[18,636,637,640,641,644],{},[21,638,639],{},"How do I compete with online pharmacies and chains?","\nImmediacy (medicines needed ",[30,642,643],{},"now","), trust and counselling, home delivery in your radius, and chronic-patient relationships. Price-match selectively on repeat items rather than across the board.",[18,646,647,650],{},[21,648,649],{},"How many SKUs to start?","\n2,500–4,000 covering your local prescribers' patterns beats 8,000 chosen blindly. Stock what nearby doctors actually prescribe — then let your own sales data drive expansion.",[276,652],{},[18,654,655],{},[30,656,657,658,660,661,168],{},"Last updated: July 2026. Figures are indicative planning ranges. See ",[220,659,285],{"href":222}," — FEFO, expiry alerts, batch billing, H1 registers — or ",[220,662,290],{"href":289},{"title":292,"searchDepth":293,"depth":293,"links":664},[665,666,667,668,669],{"id":360,"depth":293,"text":361},{"id":464,"depth":293,"text":465},{"id":545,"depth":293,"text":546},{"id":570,"depth":293,"text":571},{"id":240,"depth":293,"text":241},"The business side of opening a pharmacy — investment breakdown, realistic margins, location strategy, distributor setup and the daily operations that decide profitability.","/images/blog/medical-store.jpg",{},"/blog/how-to-open-medical-store-india",{"title":317,"description":670},"blog/how-to-open-medical-store-india",[310,677,678,679],"Startup","Business","Retail","K3CXX--hb4UO2J9q0PsflYe1tm22ggGw4qucQ_dYsno",{"id":682,"title":683,"author":6,"body":684,"date":1026,"description":1027,"extension":302,"image":1028,"meta":1029,"navigation":305,"path":272,"seo":1030,"stem":1031,"tags":1032,"__hash__":1034},"blog/blog/fifo-vs-lifo-inventory-methods-retail.md","FIFO vs LIFO vs Weighted Average: Which Inventory Method for Indian Retail? (2026)",{"type":8,"value":685,"toc":1019},[686,689,713,720,724,731,803,810,814,819,830,835,846,851,862,878,882,953,957,972,974,980,986,992,1006,1008],[11,687,683],{"id":688},"fifo-vs-lifo-vs-weighted-average-which-inventory-method-for-indian-retail-2026",[15,690,691],{},[18,692,693,695,696,698,699,702,703,706,707,709,710,712],{},[21,694,23],{}," For most Indian retail shops, use ",[21,697,57],{}," (first-in-first-out) — it matches how physical stock should actually move, is accepted by Indian accounting standards, and gives a realistic profit figure. ",[21,700,701],{},"Weighted average"," is the practical alternative when you buy the same item at many prices (common for kirana loose goods). ",[21,704,705],{},"LIFO is not permitted"," for financial reporting under Indian accounting standards (AS-2/Ind AS 2), so treat it as an internal-analysis tool at most. And if you sell anything with an expiry date — food, medicines, cosmetics — the physical rule is ",[21,708,60],{}," (first-",[30,711,82],{},"-first-out), regardless of costing method.",[18,714,715,716,719],{},"Inventory costing sounds like an accountant's problem until you realise: ",[21,717,718],{},"the method you pick changes your reported profit"," — and in a rising-price environment, the difference is real money.",[39,721,723],{"id":722},"the-three-methods-in-one-example","The three methods in one example",[18,725,726,727,730],{},"You bought sugar three times: 50 kg @ ₹40, then 50 kg @ ₹42, then 50 kg @ ₹45. You sell 60 kg at ₹50/kg (revenue ₹3,000). What did those 60 kg ",[30,728,729],{},"cost","?",[44,732,733,746],{},[47,734,735],{},[50,736,737,740,743],{},[53,738,739],{},"Method",[53,741,742],{},"Cost of 60 kg sold",[53,744,745],{},"Reported gross profit",[62,747,748,766,784],{},[50,749,750,755,761],{},[67,751,752,754],{},[21,753,57],{}," (oldest cost first)",[67,756,757,758],{},"50×₹40 + 10×₹42 = ",[21,759,760],{},"₹2,420",[67,762,763],{},[21,764,765],{},"₹580",[50,767,768,773,779],{},[67,769,770,772],{},[21,771,701],{}," (avg ₹42.33)",[67,774,775,776],{},"60×₹42.33 = ",[21,777,778],{},"₹2,540",[67,780,781],{},[21,782,783],{},"₹460",[50,785,786,792,798],{},[67,787,788,791],{},[21,789,790],{},"LIFO"," (newest cost first)",[67,793,794,795],{},"50×₹45 + 10×₹42 = ",[21,796,797],{},"₹2,670",[67,799,800],{},[21,801,802],{},"₹330",[18,804,805,806,809],{},"Same shop, same sale — up to ",[21,807,808],{},"₹250 difference in profit"," on one item. Multiply across a full store and the method genuinely matters for your P&L, taxes and pricing decisions.",[39,811,813],{"id":812},"what-each-method-is-good-for","What each method is good for",[18,815,816],{},[21,817,818],{},"FIFO — the default for shops.",[131,820,821,824,827],{},[134,822,823],{},"Mirrors correct physical rotation (old stock sells first → less expiry loss).",[134,825,826],{},"Accepted under AS-2/Ind AS 2 for financial reporting.",[134,828,829],{},"In inflationary times shows higher profit (older, cheaper costs) — good for a true picture, slightly higher tax.",[18,831,832],{},[21,833,834],{},"Weighted average — the practical choice for loose/blended goods.",[131,836,837,840,843],{},[134,838,839],{},"One average rate per item; no batch juggling.",[134,841,842],{},"Ideal for kirana loose goods (grains, pulses, oil) where purchases at different rates get mixed in the same bin.",[134,844,845],{},"Also permitted under Indian accounting standards.",[18,847,848],{},[21,849,850],{},"LIFO — know it, don't report with it.",[131,852,853,859],{},[134,854,855,858],{},[21,856,857],{},"Not permitted"," for financial statements under AS-2/Ind AS 2.",[134,860,861],{},"Some businesses use it internally to see \"what would replacing this stock cost me today\" — useful for pricing in fast-inflation categories, but keep your books on FIFO or weighted average.",[18,863,864,867,868,870,871,873,874,877],{},[21,865,866],{},"FEFO — the physical rule that overrides everything.","\nIf products carry expiry dates (food, medicine, cosmetics, agri-chemicals), your ",[30,869,268],{}," dispatch rule must be first-",[21,872,82],{},"-first-out even while your ",[30,875,876],{},"costing"," stays FIFO/weighted average. A pharmacy that ignores FEFO doesn't have an accounting problem — it has a licence problem.",[39,879,881],{"id":880},"choosing-for-your-shop-type","Choosing for your shop type",[44,883,884,897],{},[47,885,886],{},[50,887,888,891,894],{},[53,889,890],{},"Shop type",[53,892,893],{},"Costing method",[53,895,896],{},"Physical rotation",[62,898,899,910,921,932,943],{},[50,900,901,904,907],{},[67,902,903],{},"Kirana / grocery",[67,905,906],{},"Weighted average (loose) + FIFO (packaged)",[67,908,909],{},"FEFO for dated items",[50,911,912,914,916],{},[67,913,310],{},[67,915,57],{},[67,917,918],{},[21,919,920],{},"FEFO — mandatory practice",[50,922,923,926,929],{},[67,924,925],{},"Electronics / mobile",[67,927,928],{},"FIFO (serial-tracked, each unit has its own cost)",[67,930,931],{},"n/a — unit-level",[50,933,934,937,940],{},[67,935,936],{},"Garments",[67,938,939],{},"FIFO or weighted average",[67,941,942],{},"Season-first rotation",[50,944,945,948,950],{},[67,946,947],{},"Restaurant / cafe ingredients",[67,949,57],{},[67,951,952],{},"FEFO for perishables",[39,954,956],{"id":955},"why-do-this-in-software-not-in-your-head","Why do this in software, not in your head",[18,958,959,960,964,965,968,969,971],{},"Manual costing collapses the moment you have two purchase rates for one item — which is week one for most shops. Billing software applies the method automatically on every sale: ",[220,961,963],{"href":962},"/retail-billing-software","Setuverse"," supports FIFO, LIFO and weighted-average costing with batch-level tracking, plus FEFO dispensing with expiry alerts for ",[220,966,967],{"href":222},"pharmacies"," and ",[220,970,236],{"href":235}," — so your margins per item are real numbers, not estimates, at ₹2,999/year + GST.",[39,973,241],{"id":240},[18,975,976,979],{},[21,977,978],{},"Which inventory method is best for a small shop in India?","\nFIFO for most; weighted average if you sell loose goods bought at many rates. Both are permitted by Indian accounting standards.",[18,981,982,985],{},[21,983,984],{},"Is LIFO allowed in India?","\nNot for financial reporting — AS-2/Ind AS 2 exclude it. Use it only as an internal what-if view, if at all.",[18,987,988,991],{},[21,989,990],{},"Does the method change my tax?","\nIt changes reported profit in a period (see the sugar example), which affects tax timing. Over the item's full life the totals converge — but consistency matters, so pick one method and stick to it.",[18,993,994,997,998,1001,1002,1005],{},[21,995,996],{},"What's the difference between FIFO and FEFO?","\nFIFO is about ",[30,999,1000],{},"cost flow"," (oldest purchase cost first). FEFO is about ",[30,1003,1004],{},"physical flow"," (nearest expiry leaves first). Expiry-dated stock needs FEFO physically even when books run FIFO.",[276,1007],{},[18,1009,1010],{},[30,1011,1012,1013,1016,1017,168],{},"Last updated: July 2026. This article is general guidance, not accounting advice — confirm treatment with your CA. See ",[220,1014,1015],{"href":962},"Setuverse Retail Billing Software"," or ",[220,1018,290],{"href":289},{"title":292,"searchDepth":293,"depth":293,"links":1020},[1021,1022,1023,1024,1025],{"id":722,"depth":293,"text":723},{"id":812,"depth":293,"text":813},{"id":880,"depth":293,"text":881},{"id":955,"depth":293,"text":956},{"id":240,"depth":293,"text":241},"2026-07-18","Plain-language guide to inventory costing for shops — how FIFO, LIFO and weighted average change your profit figure, what Indian accounting standards allow, and when FEFO matters.","/images/blog/inventory-methods.jpg",{},{"title":683,"description":1027},"blog/fifo-vs-lifo-inventory-methods-retail",[679,311,1033,678],"Accounting","g8Ppph7EAZAK_q8_7hmlzhGRxyAdXA8YfgfypK8Z0Q0",1784461224723]