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Inventory

Inventory tracking, valuation, and management for businesses

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Tariffs Aren't a Phase: 5 Bookkeeping and Inventory Moves Small Importers Are Using to Protect Margins in 2026
·mike

Tariffs Aren't a Phase: 5 Bookkeeping and Inventory Moves Small Importers Are Using to Protect Margins in 2026

Only 3% of small importers still lack a tariff mitigation strategy in 2026, down from 57% waiting it out in 2025. Five bookkeeping moves protect margins — capitalize duties into landed cost instead of expensing them, scenario-model your top 20% of SKUs, track the carrying cost of buffer stock, price product-by-product, and record country of origin per batch.

tariffs
customs
inventory
California AB 660 Explained: The 'Sell By' Ban and New Food Date-Labeling Rules Effective July 1, 2026
·mike

California AB 660 Explained: The 'Sell By' Ban and New Food Date-Labeling Rules Effective July 1, 2026

California's AB 660 takes effect July 1, 2026, restricting packaged food to two standardized date labels — "BEST if Used by" for quality and "USE by" for safety — and banning consumer-readable "sell by" dates. Covers who must comply, exemptions, $1,000-per-violation penalties, the sell-through transition rule, and a five-step compliance checklist for manufacturers, co-packers, and retailers.

compliance
california
small-business
Bookkeeping for Medical Device Reprocessors: When the FDA Calls You a Manufacturer
·mike

Bookkeeping for Medical Device Reprocessors: When the FDA Calls You a Manufacturer

Third-party reprocessors of single-use medical devices are regulated as full manufacturers under the FDA's QMSR (effective February 2, 2026) — same 510(k), MDR, and UDI obligations as the OEM. That reshapes the books; a three-stage inventory split, per-device-family COGS, recurring validation expenses, and product liability reserves sized by risk class.

healthcare
manufacturing
compliance
When the CPSC Recalls Your Inventory: A Bookkeeping Guide for E-Commerce Resellers
·mike

When the CPSC Recalls Your Inventory: A Bookkeeping Guide for E-Commerce Resellers

Under the Consumer Product Safety Act, selling recalled products is illegal regardless of business size — and Amazon can bill recall refunds back to third-party sellers. This guide covers the three bookkeeping steps a recall triggers for e-commerce resellers — writing recalled inventory off the balance sheet under GAAP, recording reimbursements separately from revenue, and documenting disposal — plus why the accounting write-off and the IRS tax deduction often land in different periods.

e-commerce
inventory
compliance
Craft Distillery Bookkeeping: Why the IRS Doesn't Care About Your Barrels, But the TTB Absolutely Does
·mike

Craft Distillery Bookkeeping: Why the IRS Doesn't Care About Your Barrels, But the TTB Absolutely Does

Craft distilleries owe federal excise tax only when spirits are withdrawn from bond — often years after the grain was paid for. A practical guide to capitalizing barrel-aging costs into inventory, recording angel's share evaporation at quarterly gauging, and timing the $2.70-per-proof-gallon TTB liability correctly.

bookkeeping
inventory
tax-compliance
Craft Malting House Bookkeeping: Grain Inventory That Shrinks, Contract Growing, and a Year-Long Cash Cycle
·mike

Craft Malting House Bookkeeping: Grain Inventory That Shrinks, Contract Growing, and a Year-Long Cash Cycle

Craft maltsters lose 10–20% of raw barley weight during steeping, germination, and kilning, pay farmers 3–4× feed-grain prices under multi-season contracts, and can wait over a year between buying grain and selling malt. Here's how to handle yield-ratio costing, contract-growing arrangements, and working-capital planning for a malthouse.

bookkeeping
small-business
inventory
The FDA Just Bought Food Businesses 30 More Months on Traceability — Don't Waste Them
·mike

The FDA Just Bought Food Businesses 30 More Months on Traceability — Don't Waste Them

The FDA moved the FSMA 204 Food Traceability Rule compliance date 30 months, from January 20, 2026 to July 20, 2028, and Congress barred earlier enforcement. The rule itself is unchanged — FTL foods, seven Critical Tracking Events, Key Data Elements, and 24-hour sortable records — so here's who's exempt and how small food businesses can build a compliant traceability plan without enterprise software.

compliance
small-business
recordkeeping
Goatscaping Bookkeeping: How to Account for a Targeted Grazing Business
·mike

Goatscaping Bookkeeping: How to Account for a Targeted Grazing Business

A working goat herd is livestock the IRS lets you treat as either inventory or depreciable business property — an election that's hard to reverse. How targeted grazing operators should handle herd cost basis, diversified revenue streams, equipment costs, and the May-to-September seasonal cash-flow cliff.

bookkeeping
small-business
seasonal-business
New Jersey Legalizes Human Composting: Bookkeeping for a Natural Organic Reduction Facility
·mike

New Jersey Legalizes Human Composting: Bookkeeping for a Natural Organic Reduction Facility

New Jersey's natural organic reduction law takes effect July 1, 2026, making it the 14th state to legalize human composting. The 45-day reduction cycle forces deferred-revenue treatment under ASC 606, unclaimed soil becomes a tracked inventory line, and NOR vessels need their own depreciation class — here's how funeral homes should set up the books.

bookkeeping
small-business
compliance
Odoo vs. QuickBooks Enterprise for Manufacturers: BOM Costing and Multi-Warehouse Inventory Compared
·mike

Odoo vs. QuickBooks Enterprise for Manufacturers: BOM Costing and Multi-Warehouse Inventory Compared

QuickBooks Enterprise's Assembly Builds can't handle sub-assemblies, work orders, routing, or real-time WIP — Odoo's manufacturing orders can. A practical comparison of BOM costing, multi-warehouse inventory, 2026 pricing ($2,700+/yr Platinum vs. ~$25–32/user/mo), and the five signs a small manufacturer has actually outgrown QuickBooks.

quickbooks
accounting-software
inventory
Outdoor Power Equipment Dealer Bookkeeping: Floor-Plan Financing, Curtailment, and Manufacturer Rebates
·mike

Outdoor Power Equipment Dealer Bookkeeping: Floor-Plan Financing, Curtailment, and Manufacturer Rebates

How outdoor power equipment dealers should book floor-plan financing, curtailment payments, and manufacturer rebates — track lender liens by serial number, treat rebates as inventory cost reductions rather than income, and break out floor-plan interest to claim the uncapped IRC §163(j) deduction.

bookkeeping
small-business
inventory
Pottery Studio Bookkeeping: How to Cost Kiln Firings, Glaze, and Clay for True COGS
·mike

Pottery Studio Bookkeeping: How to Cost Kiln Firings, Glaze, and Clay for True COGS

A ceramics studio's true cost per piece includes two kiln firings, labor, 12–15% clay shrinkage, and a 5–15% failure allowance — not just $1 of clay. Here's the six-line COGS breakdown, per-firing kiln allocation, and the deferred-revenue treatment for classes and memberships.

bookkeeping
small-business
cost-of-goods-sold
Showing 37–48 of 186 posts