What does “inventory adjustments” or “change in inventory” mean?
 This term reflects how your farm’s books are converted to the accrual accounting method.

You can spot creative accounting practices on a company's balance sheet by analyzing its assets, liabilities, and equity. Overstating assets and/or understating liabilities leads to increased net ...

Recognizing potential hurdles and proactively addressing them can help you make more informed decisions when seeking an ...

E-commerce businesses have particular needs when it comes to accounting software. For example, if your e-commerce business sells a product, your accounting software should be able to track inventory, ...

The basic inventory tools that come with small-business accounting software and point-of-sale systems can be sufficient in some cases, but more complex operations may require stand-alone software ...

Like any other retail industry, restaurant owners need to be able to track their cash flow to understand their business's health and long-term prospects and to ensure they’re staying on top of ...

The cash method is used by many sole proprietors and businesses with no inventory. From a tax standpoint, it is sometimes advantageous for a new business to use the cash method of accounting.

Capital equipment records are verified at least once every two years to ensure that the inventory records within the asset management system are accurate. Capital equipment inventory verification ...

This includes the following: Updating the inventory records by recording asset descriptions, locations and accounting information in the asset management system for new asset additions including ...