There are two main types of business. These are businesses that deal in products and businesses that deal in services. All other types of businesses are a mix of one of these two. Think about it, as a ...

If your small business manufactures goods for sale or purchases goods for resale, you need to elect a method of accounting for inventory. In a resale business, all goods purchased for resale are ...

The convergence of accelerating inflation and heightened tariff costs creates optimal conditions for adopting LIFO, but taxpayers need to understand the benefits and act promptly.

Taxpayers that fail the gross receipts test are not eligible for the new rules governing inventory accounting. The $25 million threshold will be indexed annually for inflation; the 2025 amount is $31 ...

LONDON--(BUSINESS WIRE)--SpendEdge forecast the global Inventory Accounting Services market is expected to grow by USD 10,124.28 million as we reach 2024. This is due to the impact of the COVID-19 ...

Accurate inventory accounting is vital, especially in the globalized world of low-cost competition. Five critical inventory accounting control lapses threaten a company’s long-term survival.

Although it’s vital for every business to keep an accurate record of their money, retailers face unique challenges in accounting and maintaining proper financial records: monitoring and calculating ...

For February 26, 2018, my forensic accounting red flag is a tire company with a significant change to accounting policy. I pulled this highlight from yesterday’s research of 128 10-K filings, from ...

Retailers are trying to manage cost increases from President Donald Trump's tariffs. A practice known as retail inventory method accounting could affect how higher costs show up in companies' profit ...

Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate ’s talent, expertise and inventory-accounting ...

When I was growing up, I remember my dad asking my mom to save the empty milk cartons. She’d wash them out and set them on the counter in the laundry room. I couldn ...

Both online retailers and stores now have the opportunity for a new inventory deduction when buying goods, according to Tom Wheelwright, a CPA and CEO of WealthAbility. Under the previous rules, ...