FIFO vs LIFO – Which Inventory Method for Your Shop?

FIFO (First In, First Out) and LIFO (Last In, First Out) are two ways to value inventory when prices change.

FIFO – First In, First Out

Assume you sell the oldest stock first. Common for perishables (FMCG, food) where you want to avoid expiry.

Best for: Kirana stores, grocery, pharmacy.

LIFO – Last In, First Out

Assume you sell the newest stock first. Rarely used in India for physical inventory.

Best for: Mostly for tax/accounting in specific scenarios.

For Indian Shops

Most kirana and retail shops use FIFO—sell old stock first, reduce waste. Stockkeeper tracks stock movements so you always know what’s on hand.

[Join the waitlist](/ “#waitlist).