diff --git a/content/applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst b/content/applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst index f00635bd09..dbe5cf7403 100644 --- a/content/applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst +++ b/content/applications/inventory_and_mrp/inventory/inventory_valuation/cheat_sheet.rst @@ -192,7 +192,9 @@ Inventory vs Accounting Accounting Methods ================== -There are two accounting practices on how to maintain your accounts: +There are two accounting practices on how to maintain your accounts, defined in +:menuselection:`Accounting app --> Configuration --> Settings`, under the +:guilabel:`Inventory Valuation` section: **Periodic:** Post vendor bills as expenses by nature, and update stock valuation in the closing entry by reducing expenses (stock variation). This is the best practice in Europe.