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  2. WorkingPoint - Wikipedia

    en.wikipedia.org/wiki/WorkingPoint

    Users can track their current inventory quantity, average cost of inventory on-hand, cost of goods sold (COGS) and top-selling products. Users can also make manual adjustments to inventory when necessary. Financial Reporting. Users can view a balance sheet, income statement, or cash flow statement pertaining to their business. The software ...

  3. Line sheet - Wikipedia

    en.wikipedia.org/wiki/Line_sheet

    A line sheet is a sheet used by a manufacturer in the garment/fashion industry providing information on a product for wholesale sales. [1] It allows a garment to be listed with the sizes in its size range, great for inventory tracking.

  4. FIFO and LIFO accounting - Wikipedia

    en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

    With FIFO, the cost of inventory reported on the balance sheet represents the cost of the inventory purchased earliest. FIFO most closely mimics the flow of inventory, as businesses are far more likely to sell the oldest inventory first. Consider this example: Foo Co. had the following inventory at hand, in order of acquisition in November:

  5. Inventory control - Wikipedia

    en.wikipedia.org/wiki/Inventory_control

    Inventory management is a broader term pertaining to the regulation of all inventory aspects, from what is already present in the warehouse to how the inventory arrived and where the product's final destination will be. [2] This management involves tracking field inventory throughout the supply chain, from sourcing to order fulfilment.

  6. Physical inventory - Wikipedia

    en.wikipedia.org/wiki/Physical_inventory

    Physical inventory is a process where a business physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked. Businesses may use ...

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