Stock and warehouses
Guessed margins are over.
Every sale at real cost.
At cost under IAS 2, in every warehouse, with the margin scheme.
Set up once
Your costing method,
chosen once.
Average cost or first in, first out, chosen once; your accounts, your warehouses and your opening stock.
Premium
Bills in, stock up
Bills in, stock up,
at landed cost.
A bill for goods adds them at cost, with delivery and duties shared over the lines.
Premium
Sales out, cost booked
Each invoiced sale books
its cost as it leaves.
Each sale you invoice in Cybooks books its cost of sales as it leaves. Serial-numbered items keep their own cost.
Premium
Warehouses and counts
Every warehouse,
every count posted.
Stock by warehouse, transfers between them, and counts that post the difference.
Premium
Worth what it will sell for
Written down when
it sells below cost.
Valued at the lower of cost and what it will sell for, product by product. A phone that now sells below cost is written down, and the write-down can be reversed if the price recovers.
Premium
The Cyprus part
Built in, the Cyprus way.
The margin scheme
For second-hand goods: VAT only on your margin, in box 1, under the Cyprus VAT Law, with its stock record.
Kept out of OSS and VIES
Margin goods never go on OSS, box 8A or VIES; goods you imported yourself never qualify.
Own goods to another EU country
A transfer under your own VAT number, with its VIES line.
Built to IAS 2
Lower of cost and what it will sell for; average or first in, first out, never last in, first out.
Matches your books
The valuation shows the difference to your stock accounts; Books Review checks it every month end.
Downgrade safely
Your postings keep going; the stock screens become read-only.
No guesses
No AI in the stock figures.
Stock is on Premium and Cybooks Complete, with warehouses, transfers and counts. A Shopify sale doesn’t move stock in Cybooks yet: sales you invoice in Cybooks do. See the plans
Questions
Average or first in, first out?
Either, chosen at setup and then fixed. Serial-numbered items always keep their own cost.
Does a Shopify sale reduce my stock in Cybooks?
Not yet. Shopify stays the stock for its store; sales you invoice in Cybooks move stock.
What if I downgrade?
Your postings keep going so the books stay right; the stock screens become read-only.
Can I sell second-hand goods under the margin scheme?
Yes, per unit, with the invoice note and the margin scheme record.
Do the stock figures match the balance sheet?
The valuation shows the difference to your stock accounts, and Books Review checks it every month end.
Costing should happen as
your business happens.
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