Discover how the periodic inventory system simplifies stock management through physical counts, and explore its cost-effective benefits for small businesses today.

Inventory includes raw materials, partially finished goods and finished goods. A retail business may have finished goods awaiting shipment, while a manufacturing business may have raw materials and ...

Learn how GAAP applies to a company's inventory reserves, using cost or market value methods, and its impact on accounting standards and financial planning.

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

Inventory helps ensure that an organization will have the right products available at the right time so consumers can make purchases on demand. An inventory system that has an accurate count can ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...