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Most businesses holding stock cannot tell you their real margin by product. The purchase price is in the books, but freight, duty, packaging and the units that never sold are somewhere else entirely, so the numbers say one thing and the bank balance says another.
We build inventory into your accounting properly, so cost of goods sold is right every month and you can see which products are worth making, buying or dropping.
Every inventory client gets
However you hold or make your stock.
What's included
Selling online as well? The eCommerce page covers payouts, channel fees and multi-state sales tax alongside this.
Businesses doing $250K to $25M a year holding physical stock, whether that is a hundred SKUs or a few thousand, in one location or several.
Say a case lands at $40 from the supplier. Add ocean freight, customs duty, brokerage, the drayage to your warehouse, and the packaging you put around it before it ships to a customer, and the real cost per unit can be a third higher than the invoice.
If those costs sit in overhead instead of in the product, every margin figure you have is overstated by the same amount. Businesses discount their thinnest-margin products because the books make them look like the healthy ones.
We build landed cost into unit cost so the margin you see is the margin you get, and pricing decisions stop being guesses.
Allocated by value, weight or units, whichever reflects how the cost is actually incurred.
Twenty minutes. What you hold, how it moves, and what you currently cannot answer about margin.
A flat monthly price, plus a separate one-time fee if the inventory has to be rebuilt first. In writing.
Costing method agreed with your CPA, landed cost rules set, and an opening count established.
A P&L with real cost of goods sold, margin by product, and a call to walk through what it shows.
Said up front, so nobody finds out in month three.
Most businesses do a full count once a year and cycle counts on the fastest-moving items monthly or quarterly. Cycle counting catches problems while you can still work out what happened, rather than finding a large unexplained variance in January.
We will tell you what your mix of stock actually needs, and reconcile whatever counts you give us.
Not always. QuickBooks Online and Xero both handle inventory adequately at modest volume, and if your SKU count is manageable that is often enough.
You need a dedicated app when you have assemblies or manufacturing, multiple warehouses, serial or lot tracking, or high SKU counts. We will tell you which situation you are in rather than selling you software you do not need.
Most small businesses use average cost or FIFO. Average cost is simpler and smooths out price changes, FIFO tracks more closely to what actually moved. Both are acceptable, and consistency matters more than which one you pick.
It affects your taxable income, so it is a decision to make with your CPA. We will explain the practical difference, set it up, and apply it the same way every month.
It is common, and it is fixable. If you have been expensing purchases as they are paid for, your profit has been swinging with your buying rather than your selling, and your balance sheet has been understating what the business owns.
We establish an opening value from a count and your purchase history, agree the approach with your CPA, and go forward properly from there. That rebuild is quoted as a one-time engagement.
Light manufacturing, yes. Raw materials into work in progress into finished goods, with direct labor and overhead applied, and job costing where you build to order.
If you are running multi-stage production with complex routing and capacity planning, you need a manufacturing system and a specialist to implement it, and we will say so.
Obsolete stock sitting at full value on the balance sheet overstates what your business is worth and hides how much cash is tied up in things nobody wants.
We flag slow-moving and dead stock in the monthly review so you can decide to discount it, liquidate it or write it off, and we record the write-off properly when you do.
Twenty minutes on the phone and you'll have a flat quote within a day.