Alex Howe

Internal Index Module Specs & Features for LIFOPro Software Users

The LIFOPro software Internal Index Module (iiModule) is an invaluable resource for American companies and CPA firms. Software users don’t need to worry about common LIFO errors and inefficiencies that plague most manual calculations. The resources listed below are intended to highlight and explain the settings, specifications, and features of the Internal Index Module for LIFOPro software users.

For users who prefer video to written content, our Internal Index Module Specs & Features are also detailed on our company YouTube page. LIFOPro software user videos can be found for the following Internal Index Module topics:

  • iiModule Specs & Settings: CLICK FOR VIDEO
    • Internal index specs
    • New items treatment
    • Outlier specs & treatment
    • Zero & negative quantities on hand
    • Manual exclusions
  • Data Input Files: CLICK FOR VIDEO
    • Data File Specs
    • Tying LIFO calculation balances to the general ledger [manual line item(s)]
    • Purchase price variances for manufacturers [manual line item]
    • Loading the data input file
  • LIFO Estimates versus Year-End Calculations: COMING SOON!
    • Procedures for projections/estimates versus year-end calculations
  • Multiple Data Source Files: COMING SOON!
    • Using the multi-sheets specs sheet
    • “Rules” sheet for multiple data files
LIFOPro Software Internal Index Users Video (YouTube)

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