It may seem absurd to have a negative inventory, but this is not such an uncommon situation. It basically means that your promised inventory levels are higher than what you already own in your stock. So, you cannot honor the corresponding orders quite yet. Of course, you should be cautious with this, because a negative…
Category: inventory taking
Selling a Business With Inventory: How to Value Stock
Editor’s note: This post was orginally published in July 2019 and has been completely revamped and updated in June 2022 for accuracy and comprehensiveness. This is a guest post by contributor Marla DiCarlo. It outlines how inventory and its value should be approached in any company which handles stock. The business depends on keeping detailed…
How to Prepare for Annual Inventory Taking
The end of the year is a great time to perform a physical counting of your inventory to start fresh in the new year. On top of that, as people cease shopping after Christmas, it is usually the slowest time of the year. That makes it the perfect time for you to minimize or stop…