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Understanding Perpetual Stock Management and Costing

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Inventory or stock management is a crucial area that can significantly impact your business’s profitability. It pays to stay on top of your inventory costing for many reasons. You need to know precise stock levels and understand the shelf life and rotation. How much stock you have directly affects your profit or loss at the…

Thinking of Selling Your Business? Financial Aspects, Tips & Guidance

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There’s a lot to take care of when selling a business! It’s often an emotionally demanding time during the process, and things like the bookkeeping and accounting for the sale of business can get pushed down the priority list. Taking care of the accounting means it’s easier for both parties – the seller and the…
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Understanding Periodic Stock Management and Costing

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If your business carries stock for sale, it’s good to understand the basics of inventory costing and the value in your financial accounts. There are two ways of recording inventory value – perpetual or periodic. This article focuses on the periodic system – we’ll cover the perpetual system in the next OTM Bookkeepers Melbourne blog.…
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