By Matt Abar on 5/23/2008 8:35 AM

We finally locked down the cost module last week--our biggest headache so far. As you enter transactions, whether via import or data entry, FinFolio allocates your tax lots using your specified allocation.

It does LIFO, FIFO, Highest, Lowest, Average, and Specific Lot. A neat thing about Specific Lot--you set the top-level allocation type to Specific Lot, then you can set the lot type on individual transactions to LIFO/FIFO/Highest/Lowest. This means you can do fine-grained lot allocation without the headache of having to calculate the lots yourself. And you can still allocate them manually if you'd like.

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