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Inventory and fixed assets are very different and require different management systems in order to keep a business organized and running smoothly. There are different types of inventory and asset management software. Each individual company has to decide if an inventory or fixed assets system is t Read More

Inventory shrinkage is one of the biggest challenges faced by retail businesses. The loss of your goods means the loss of your company’s money and damage to your bottom line.

Much of this can be avoided; unfortunately, many companies fail to invest in affordable and effective inventory managemen Read More

In years past, consumers who wanted gifts and other goods immediately had to visit brick-and-mortar stores, or plan ahead by buying online and waiting multiple business days for product arrival.However, careful planning for gift-giving has always reigned, with last-minute ideas or inspiration all b Read More

When a business buys a fixed asset, a long-term asset used in the production of inventory, which is then sold for a profit, it commits to keeping the asset on their books and in their tax returns for years to come. The cost of the asset must be allocated over the course of its useful life, since it Read More

Smart businesses know that they have to have control of their inventory to be successful. Having a proper and dedicated inventory management system will allow them to not only have have control of their inventory but also will allow them to move it as efficiently as possible. Read More

With barcodes used predominantly on everything around us today, from the products in your household to the tickets to an event you may be attending this weekend, barcodes have become a part of everyday life. Read More

It’s what determines a company’s strong or weak image, the financial position your company is in and it even determines business failure and success. This influential force is cash flow. Read More

Fraud takes on many forms as it silently creeps through the global supply chain in search of its next victim. Sometimes it starts with a supplier who falsifies labor expenses and exaggerates bills. Other times it’s an employee who pumps up his expense account or a contractor who promises kickbacks Read More

Small business owners may think that accounting for inventory ends upon its purchase. The real cost of carrying inventory involves much more. Considering the fine line that half of all small businesses walk between success and failure within their first 5 years, understanding the real cost is cruci Read More

Nearly everyone everywhere has seen a barcode today. Barcode’s have revolutionized the way we package and transport merchandise. A barcode, by Investopedia.com’s definition, is a graphical representation of a product’s identifying information formed by two-dimensional pattern of black and white str Read More