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Stock Control

  • What is FIFO, LIFO, and HIFO? Inventory and stock accounting management methods

    What is FIFO, LIFO, and HIFO? Inventory and stock accounting management methods

    Inventory and stock valuation might sound like a dry accounting concept, but it’s crucial for businesses to manage their finances effectively. In the various methods available, FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and HIFO (Highest-In, First-Out) are different methods used for inventory valuation in accounting and finance. In this blog post, I’ll try to explain […]

  • Optimal stock control and management techniques to follow in 2022

    Optimal stock control and management techniques to follow in 2022

    If you are starting an online product-based business, then you must know that inventory management isn’t only limited to record-keeping. A skillful inventory management system can become a strong suit and give appropriate speed to businesses. The latest list of Inventory Software tools makes it easy to keep track of multiple product details simultaneously to […]