#inventory
Inventory
Inventory tracking, valuation, and management for businesses
Bait and Tackle Shop Bookkeeping: Live Bait Mortality, Dealer Licenses, and Pass-Through Sales
Bait and tackle shops run three revenue models through one register — perishable live bait, hard goods, and state fishing-license sales. Live bait mortality should be booked as shrinkage expense (tracked by species and supplier), bait-dealer licenses are recurring compliance costs tiered by sales volume in states like Wisconsin, and license sales are commission revenue (typically 4.75%–5%) with the state's share held as a liability, never income.
The Cash Conversion Cycle Explained: How Long Your Money Is Actually Tied Up
The cash conversion cycle (CCC = DIO + DSO − DPO) measures how many days cash stays trapped in operations. A worked example shows a wholesale firm with a 66-day cycle tying up roughly $110,000 in working capital, and lays out tactics to shorten collections, inventory, and payables.
Return on Net Assets (RONA): How to Tell If Your Equipment and Inventory Are Earning Their Keep
Return on Net Assets (RONA = Net Income ÷ Fixed Assets + Net Working Capital) measures whether the equipment, vehicles, and inventory a business owns are actually generating profit. Includes a worked example, rough benchmarks (above 5% acceptable, above 20% outstanding), and how RONA differs from ROA and ROE for capital-intensive small businesses.
Where Did $90 Billion in Inventory Just Go? A Small Retailer's Guide to Booking Shrinkage Correctly
U.S. retailers lost $90–112 billion to inventory shrinkage in the latest reporting cycle, an average shrink rate near 1.6% of sales. This guide shows small retailers how to book shrink in a dedicated expense account instead of burying it in COGS — with the exact journal entries, cycle-counting schedules, materiality thresholds, and the process fixes behind the ~70% of shrink that isn't theft.
Amazon Is Ending Stickerless Commingled Inventory: What FBA Sellers Must Do Before March 31, 2026
Amazon ends stickerless commingled inventory on March 31, 2026. Resellers must apply FNSKU labels ($0.20–$0.50/unit) while Brand Registry owners get virtual tracking; unlabeled stock gets flagged defective. Here's the labeling deadline timeline, who pays what, and the lot-level costing and landed-cost accounting changes sellers need before the cutoff.
Med Spa Bookkeeping: How to Handle Injectable Inventory, Injector Commissions, and Membership Revenue
A practical bookkeeping guide for med spa owners covering the industry's hardest problems — tracking expiring injectable inventory with FIFO and treatment recipes, calculating 15–25% injector commissions from provider-level revenue, deferring membership and package revenue until services are delivered, and building a chart of accounts that shows which service lines actually carry margin.
Bookkeeping for Ammunition Reloading Supply Shops: Component Sales, FAET, and Lot-Level Inventory
A reloading supply shop that only sells bullets, brass, primers, and powder owes no federal ammunition excise tax — but loading and selling finished ammunition triggers an 11% FAET liability filed quarterly on TTB Form 5300.26. This guide covers the chart of accounts, lot-number FIFO inventory tracking, and hazmat freight costing that keep a component retailer or hybrid manufacturer compliant.
Bookkeeping for Antiquarian Booksellers: Why Rare Books Need Specific-Identification Inventory
Average-cost and FIFO inventory methods misstate margins when every item is unique. How antiquarian booksellers use specific-identification inventory — per-copy cost basis, proportional lot allocation, condition-driven write-downs, and provenance records — to keep accurate books on one-of-a-kind stock.
Asset-Based Lending and Inventory Financing: Turning What You Own Into Working Capital
How asset-based lending converts inventory and receivables into working capital — receivables typically earn 80–85% advance rates while inventory gets 50–80%, and your available credit moves with a weekly or monthly borrowing base calculation. Costs, qualification requirements, and how ABL compares to term loans, inventory-only financing, and equity.
Auto Salvage and Scrap Metal Bookkeeping: Costing Inventory That Splits Into Five Products
How auto salvage yards and scrap metal recyclers should structure inventory accounting when one purchased vehicle splits into parts, high-value scrap, and bulk ferrous metal sold at different times and prices.
QuickBooks Online's Inventory Overhaul: Moving Average Cost, Bills of Materials, and What Small Manufacturers Should Know
QuickBooks Online now requires choosing between FIFO and Moving Average Cost inventory valuation and adds bills of materials with manufacturing orders. How MAC recalculates a blended unit cost on every receipt, why the costing choice is effectively permanent, and the bookkeeping mistakes — stale BOMs, untracked WIP, missing overhead — that quietly erode manufacturer margins.
Silversmith and Handmade Jewelry Maker Bookkeeping: Why Recipe-Based COGS Beats a Spreadsheet Guess
With gold near $4,200/oz in mid-2026, jewelry makers who cost pieces at historical purchase price lose margin on every sale. Recipe-based COGS — a fixed bill of materials, labor, and overhead per design, repriced at current metal replacement cost — plus channel-specific markups (2x direct, 3–4x Etsy, wholesale at 25% of retail) keeps pricing and books accurate.