accounting_expensing_cogs_in_advance
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| accounting_expensing_cogs_in_advance [2016/07/04 10:38 (8 years ago)] – [Business case] cliff | accounting_expensing_cogs_in_advance [2016/07/04 10:41 (8 years ago)] (current) – [Can we implement Perpetual Inventory?] cliff | ||
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| * We also receive other requests regarding not properly tracking inventory | * We also receive other requests regarding not properly tracking inventory | ||
| * The requests are often related to "how things were done previously" | * The requests are often related to "how things were done previously" | ||
| + | * The crux of this problem is accounting and business management methods used for perpetual inventory vs periodic inventory | ||
| ===== Perpetual Inventory ===== | ===== Perpetual Inventory ===== | ||
| Line 15: | Line 16: | ||
| ===== Can we implement Perpetual Inventory? ===== | ===== Can we implement Perpetual Inventory? ===== | ||
| * There are significant drawbacks, and pitfalls to avoid but it is possible. However it is not recommended | * There are significant drawbacks, and pitfalls to avoid but it is possible. However it is not recommended | ||
| - | * It is important to evaluate each individual scenario to see if there are appropriate solutions to the business need. We often find that there is already another solution for the business problem. | + | * It is important to evaluate each individual scenario to see if there are appropriate solutions to the business need. We often find that there is already another solution for the business problem, or another more effective approach. |
| ===== Business case ===== | ===== Business case ===== | ||
accounting_expensing_cogs_in_advance.txt · Last modified: 2016/07/04 10:41 (8 years ago) by cliff