Inventory Accounting – Definition, Types & Working

Formerly known as Storeroom Management Software or Stockroom Management Software, a core management software helps you keep supply and consumption levels at an optimum rate regularly.

A close tab on the movement of inventory can make or break your business and that’s why entrepreneurs always emphasise on effective inventory management.

Inventory is the crucial aspects of any business who ensures that enough stocks are maintained to meet customer needs. Check out tips for buying best inventory management software.

Auditing inventory is the process of cross-checking financial records with physical inventory and records. Understand how to audit inventory in detail & why it is important.

Job Costing is a costing method used to determine the cost of specific jobs as per customer’s specifications. Get to know the features & procedure of job costing with example.

Sales orders play a central role in making sure a sale is well-documented, properly conducted, and reflective of both the buyer and the seller is expecting.

Inventory reports help to run any business without interruption or breaking the bank and reduce the risk of running out of stock. Check the details of Inventory reports with example.

A purchase order is a contract between the buyer and the seller and it gives specific information like product or services to be delivered, delivery date, and any other terms and conditions.

Inventory control is an activity of checking a shop’s stock and to maintain the inventory at desired levels, keeping in view the best economic interest of an organization.