Category: inventory

Inventory app on your phone: what it can do and what it cannot
Cloud inventory software vs local software: pros and cons for your business
Inventory software for accountants: how to recommend it to your clients
How inventory affects your balance sheet and your cash flow
Normal vs abnormal shrinkage: accounting treatment under IAS 2
Inventory loss: accounting and tax treatment in Colombia
VAT and taxes when buying inventory in Colombia: what you deduct and what you do not
Standard cost vs actual cost: differences and which to use in your business
Specific Identification: When It Pays Off (and When Not)
Inventory impairment: how to detect it, measure it and record it
Components of inventory cost: what your merchandise really costs you
IAS 2: what the standard says about inventory (explained for small businesses)
How to calculate ending inventory: the basic formula every business should know
Negative stock: what it means and how to fix it
Cycle counting: which products to count first (ABC counting plan)
FEFO: ship what expires first (and when to use FIFO instead)
Units and packaging: buy by the case, sell by the unit without losing control
Minimum and maximum stock: how to set levels to avoid stockouts and overstock
Inventory carrying cost: what it includes and how to reduce it
Inventory aging: the report that catches stagnant products
Economic order quantity (EOQ): what it is and how to calculate it
Reorder point: formula, example and how to set it product by product
How to Control Suppliers and Inventory
How to Manage Inventory in a Pharmacy
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