What is the FIFO method in Inventory? Definition and how to use it?
Inventory consists of items, goods, merchandise, and raw materials, all of which will help the business to earn profit. Inventory management software is vital for
Category: Business Management
What is Invoice Management System – Definition, Importance and Types
Invoice is a term which sounds so simpler, but businesses clearly know its huge significance. It’s a crucial financial document received by businesses and has
What are Inventory valuation methods and their importance?
Inventory valuation determines the total value of the inventory owned by the business during a particular period. The total value of the inventory depends on
What are the types of Manufacturing Processes?
Manufacturing is a huge contributing factor to the country’s economy. The industrial revolution resulted in mass production and repetitive processing of goods with the use
What is Inventory? Definition, types and benefits
Inventory is the most crucial component of any industry. It is one of the elements determining the profit and loss of the business. An optimised
India Localization Suite for Sage Intacct
Presenting India Localization Suite for Sage Intacct: The Solution to Your Accounting Woes International businesses face significant challenges in tax planning, as they have to
What is FSN analysis in Inventory Management?
Businesses today have the pressure to keep up with the trends and likes of the customer. Warehouse and inventory managers should proactively respond to these
How to post Old Stock Entries for Miscellaneous Issues/ Receipts
How to post Old Stock Entries for Miscellaneous Receipts Issue Summary : Even after running the account interface, there were no stock impacts for the
What is ABC Analysis in Inventory Management System?
What is ABC analysis? Every item in the inventory doesn’t have an equal value. To analyse the value of each item in the inventory, ABC
Importance of Audit Trail Feature for Business Accounting
Today, a number of trade companies have been looking to digitise through automating daily processes with advanced tools like ERP software. The tools offer extensive