Inventory control is important for monitoring your costs, so regular inventory counts (monthly is recommended as a minimum) are performed. A reconciliation is made with information from your sales and purchases for the month, and any adjustments for damaged items and returns. Any discrepancies are thoroughly investigated to ensure a correct opening balance for the next month.
Confirming your inventory quantites is vital for determining your cost of sales, and net income. We’ll calculate your product costs to help you accurately set your selling prices.
Serious about getting results? Call us now at (604) 239-3982 to get started.