Adjusting an entry to correct a physical count of inventory is a common activity because the inventory account does usually not agree with the physical inventory. Retail stores take physical inventory ...

It's critical for pharmacies to maintain a through understanding of current inventory. Underestimated inventory levels can cause shortages, which frustrates customers and can reduce business. On the ...

For those of you who still shut down your facility once or twice a year to review inventory, I have to ask why. With cycle counting, there is no need for such disruption. The best way to ensure ...

Did you recently complete a physical inventory count? Are you happy about it? You shouldn't be. No matter the result, the physical inventory process is difficult, disruptive, expensive and generally ...

Inventory is typically the largest balance sheet asset in most merchant companies. Accurate inventory is required to not only deliver timely and stellar customer service but also calculate ...

6 Tips for Tackling Physical Inventory Counts presents great data on the current state of inventory management, painting a scary picture of inventory management neglect, and makes the case for the ...

Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When looking ahead to a new year, make sure your business ...

Forbes contributors publish independent expert analyses and insights. I help you pay less tax . . . legally . . . in full view of the IRS. This article is more than 5 years old. In the last ...