A perpetual inventory system updates the inventory balance continually, which usually requires real-time tracking of inventory items from purchase to sale. Small businesses may opt for the more ...

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 ...

Business must carry inventory so that they have raw materials for manufacturing and finished goods to sell. When a business holds inventory, it must account for the inventory for tax, accounting and ...