How to keep inventory organized for small businesses
Learn how to manage inventory for small businesses: product data, incoming goods, sales, minimum stock, physical checks, and inventory evaluation.
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Guides to stock, sales, and small business operations
Learn the concepts and recording habits that make your business's stock and transactions easier to trace.
What is FIFO? Definition and a simple example
FIFO is the First In, First Out method. Learn how FIFO works for inventory, with a simple example, its benefits, and what small businesses should keep in mind.
What is a stock take? How to check physical stock
A stock take is the process of matching physical stock against your records. Learn the simple steps, the causes of discrepancies, and how to follow up on the results.
How to calculate sales profit for small businesses
Learn how to calculate sales profit from revenue, cost of goods, and transaction-related costs, with a simple example for small businesses.
How to record small business sales so they're easy to check
A guide to recording small business sales: date, product, quantity, price, cost, expenses, profit, and recording habits that keep transactions easy to trace.
How to keep customer receivables organized
Learn how to record customer receivables: customer identity, debt date, amount, payments, notes, and transaction history.