System Five on Cloud · Inventory Truth & True Cost

Costing

Costing is part of Inventory Truth & True Cost in Windward System Five. System Five includes 5 documented capabilities here — all 5 in the standard set.

These 5 capabilities sit within System Five's 1287-capability documented set — a selection, not a ceiling.

Optional

FIFO stock layers Optional #

Cost sales at what you actually paid

Stock is held and costed first in, first out, with each purchase layer visible by quantity and cost; layers reserved for work orders or special orders are locked from editing.

Landed Cost Distribution Optional #

Know true landed cost after freight

Freight and other charges entered on a receipt can be distributed across the received lines by ratio of cost, by weight or by quantity, and the new landed cost for every item is recalculated automatically.

Landed cost with freight and duty Optional #

Know true landed cost per item

Cost, extra, freight and duty roll into a landed cost, and sales are costed at landed value, with explicit guidance to post freight to inventory as an asset rather than expensing it twice.

Standard cost update rules on receiving Optional #

Keep costs current as prices rise

Receiving stock can prompt to update the standard cost from the purchase order cost, optionally only when the new cost is higher, and optionally using the tax-included cost. Serialised items can be excluded from standard cost updates.

Stock and transaction history reports Optional #

See how stock moved and what it cost

Two report modes over a date range: stock history shows costs as they stood when each stock event happened, transaction history shows the current state of the invoice or purchase order line, filtered by department, location, category and oversold adjustments.

Common questions

Does System Five help you cost sales at what you actually paid?

Yes. Stock is held and costed first in, first out, with each purchase layer visible by quantity and cost; layers reserved for work orders or special orders are locked from editing. This is optional in System Five.

Does System Five help you know true landed cost after freight?

Yes. Freight and other charges entered on a receipt can be distributed across the received lines by ratio of cost, by weight or by quantity, and the new landed cost for every item is recalculated automatically. This is optional in System Five.

Does System Five help you know true landed cost per item?

Yes. Cost, extra, freight and duty roll into a landed cost, and sales are costed at landed value, with explicit guidance to post freight to inventory as an asset rather than expensing it twice. This is optional in System Five.

Does System Five help you keep costs current as prices rise?

Yes. Receiving stock can prompt to update the standard cost from the purchase order cost, optionally only when the new cost is higher, and optionally using the tax-included cost. Serialised items can be excluded from standard cost updates. This is optional in System Five.

Every capability on this page is documented in the System Five capability index. Last updated 2026-11-05.