Tracking inventory trends helps you determine a quantity that's vital to your business's success: the amount to order for each of your products. If this quantity is too high, your cash is ...

If you are making your own financial statements for a small business, it can be hard to determine where you need to report accounts. Inventory is a balance sheet account and it is an asset. It is an ...

Microsoft Excel is a wonderful program that allows you to do so much for work, school, and more. In fact, it can be an ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and ...

Array formulas let you perform calculations across entire ranges of data in a single formula. Hence, you can handle lightning-fast lookups, filtering, and sorting with just one po ...

Many retailers have used the LIFO (last in, first out) accounting method to manage their inventory reporting. The methods assumes that the last unit to arrive in inventory (the most recent) is sold ...