Managing inventory for a small business is a balancing act with supply and demand on one side and costs on the other. Carrying too much inventory leaves a company with a larger dollar investment and ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

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.

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When looking ahead to a new year, make sure your business ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

In hardware businesses, managing inventory is a critical yet challenging task. With a wide range of products such as tools, machinery, spare parts, and construction materials, maintaining accurate ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Thomas J. Brock is a CFA and CPA with more than 20 years of ...