In most small businesses, inventory reflects a significant percentage of assets. No matter how much emphasis you place on accuracy, your inventory records are likely to reflect discrepancies when you ...

When it's time to take inventory, businesses must consider key factors in achieving accurate and consistent results. Companies can take strategic planning steps when preparing for physical counts, ...

Each department with an inventory is required to take a physical count at least once a year to ensure an accurate asset value is reported on the balance sheet and that cost of goods sold is recorded ...