How COVID-19 Could Impact Year-End Inventory Counts
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when
As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements but also looking back on the entire year’s financials. And what a year
Maybe the numbers did not add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return
Whether it is hard hats and drills on a jobsite, iPads in an office, or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at
As year-end approaches, it is time for calendar-year entities to perform physical inventory counts. This activity is more than a compliance chore. Proactive companies see it as an opportunity to
You have choices when it comes to reporting inventory costs. One popular technique, the last-in, first-out (LIFO) method, assumes that merchandise is sold in the reverse order it was acquired
Inventory is expensive. So, it needs to be as lean as possible. Here are some smart ways to cut back inventory without compromising revenue and customer service. Objective inventory counts
One of the most difficult administrative tasks for retailers, manufacturers, and contractors is keeping tabs on inventory. If the numbers do not seem to add up during your physical inventory
On one hand, every company’s inventory is a carefully curated collection of inanimate objects ready for sale. But, on the other, it can be a confounding, slippery, and unpredictable creature