No matter how big or small your business is, if you are operating in multiple sales channels, you want to measure the performance of each channel accurately. This helps to ensure that your business is…

When selling your products on Amazon, you want to engage with as many prospects as possible to generate organic traffic and increase revenue. Amazon has numerous tools and features to help you accomplish this goal….

Selling products on Amazon entails always staying attentive and researching the market, competition, and demand for the products alike. Products that do not receive proper optimization and are not adapting to the constant changes in…

Inventory costs include all the costs that the seller incurs to order, handle, store, and administer inventory. The sellers must estimate these costs accurately to avoid losses during the fiscal year.    Although describing the…

Inventory reports provide in-depth insights into understanding how much current inventory a company has on hand at any one time. Whether you are a small firm or a big corporation tracking your inventories and reporting…

You put all your creative energy into creating handmade stuff, and it’s only natural you expect them to sell well on Etsy. You want all your hard work and dedication to pay off, and expect…

Want to have another boring account on eBay, that is pretty much the same as all the others? Let’s answer NOOO! for you.    Instead of having a standard layout and design that marketplaces provide,…

Inventory carrying cost is an accounting term used to refer to the sum of all business expenses that occur while holding and storing unsold goods. Those costs include material handling and transportation, warehousing, insurance and…

According to the US GAAP (Generally Accepted Accounting Standards), manufacturing costs are the sum of direct labor costs, direct material costs, and manufacturing overhead costs. Therefore, you might assume, direct labor and material costs are…

Inventory is rightfully considered the most significant and crucial asset for many companies. It is of critical importance both from operational and accounting perspectives. One of the primary accounting tasks when it comes to inventory…

Spendings are very important for any business. And one component of their spendings refers to purchase orders. This component is crucial as it helps business owners determine precisely the amount of finances needed to spend…

When starting a small business, there is not that much to worry about at the very beginning. But then, with your business growing and expanding, issues and challenges increase as well. For example, in case…

When starting any type of business, you can never know for sure how things will go. However, there are some questions to answer before going with your ideas. The majority of them should bring you…

There is no doubt that the critical business component of companies operating in retail and wholesale trade is inventory. In the most simple terms, the whole business rotates around having and selling the proper stock…

One of the best ways to grow business profits is to improve your inventory management. Even if you think you already have the best system to match your current needs and business goals, a few…