"FIFO" stands for first-in, first-out, meaning that the oldest inventory items are recorded will be sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expenses first.
You can easily import the previous barcodes in the system or insert and generate new barcodes and print them.
Polaris POS can track the item expiration. It gives you very clear notifications and emails for the items that close to expiration. The only thing that you need is to insert the expiry date of every item that you insert in software and set the notification setting and assign users for item expiry, then everything is easy, the software will inform you about item expiry.
You can set the minimum and maximum number for each item and assign users for getting item number limit notifications. Then, the software automatically informs you when the quantity of the item is less than or more than the limit.
Polaris POS supports the bulk item import functionality. You just need to enter all of your products information in Microsoft Excel, and then you can import that Excel file into the software.
You can get the report from your inventory. Also, you can get valuation report. It can give you a detailed report per item, item category or inventory.
You can define an unlimited number of inventories in Polaris POS. There is great functionality that allows you to transfer items between stocks or add/issue items from each stock.
Polaris POS has a flexible section for defining item sale price or purchase price. Once you set a price for the item, it automatically shows the updated price on sales or purchase section.
There is the customized section for defining a specific tax per item in Polaris POS.
You will have a great reporting from your items and inventory. It is not just about quantity of items, it also includes many sections like item expiry or best-selling items or worst selling items.