How to calculate an inventory item on the balance sheet using First In, First Out (FIFO) and Last In, First Out (LIFO)—and consider the results of each inventory accounting method.

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

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, ...