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Do You Have Enough Inventory? Or...Too Much?

Business owners and financial managers need to control inventory levels. Establishing the right inventory level by item for your small business is a crucial success factor. This article will...
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Accounting for Inventory: What No One is Talking About

When you account for inventory, flexibility is the key. No one is talking about it. 

You know that you need customization in this area to match the way your company does business. 

You may not be aware that ZarMoney accounting software offers the customization and advanced features that you need. Other accounting systems and software platforms may not provide this degree of customization. That’s why they don’t talk about it. Because you need to know, ZarMoney is taking the lead to inform you. 

 

What Types of Customization does ZarMoney Offer for Inventory Accounting?

Categorize items

Every product or service your company sells can be identified as an item. ZarMoney’s powerful system lets you categorize all your items based on factors like type or brand. Set them up once with the ability to use custom fields. You can also set multiple price levels per item with ZarMoney. Then, create and use detailed inventory reports that can also be customized to meet any business need. 

 

Customize product fields

Customize product fields by specific inventory item for tracking inventory purchases from vendors and selling inventory to customers. Customizing product fields helps you account for inventory and cost in detail and know when to stock inventory items and reorder. 

 

Inventory costing methods

Use inventory costing methods that best match your business. ZarMoney includes FIFO inventory costing methods. Define your accounting method and accounting period to create every financial statement that you need, including the balance sheet, income statement, and cash flow statement. Match cost flows with revenue. 

 

Organize customers with custom fields

Organize customers with custom fields. Define your own customer entry fields. Individually tag them and their transactions for easier tracking and better organizational control. 

 

Customize sales and purchase lists

When you purchase and sell inventory, this ZarMoney feature will help you.

 

Track unique information with Custom Fields

With ZarMoney’s Custom Fields capability, you can track unique information about your customers and their transactions. Or, use it to get more detailed information about vendors and costs.

 

Manage multiple inventory locations

Get control over inventory, even if you have lots of different items and locations (including retail stores, warehouses, or service methods).

With ZarMoney, you can easily keep track of single items to be purchased, stored, and sold from multiple locations. Inventory counts, as well as sales and purchase histories, can be maintained for separate facilities, and warehouses can be associated with departments, cost centers, or company divisions. You can transfer inventory between locations. 

This feature is an invaluable time-saver for companies with retail locations, and especially those with multiple locations, distributors, warehouses, and wholesalers. You can even track distribution through service trucks and fulfillment by third parties! 

 

Track inventoried assets

Decide which inventoried assets to follow and how to track them with ZarMoney. 

 

Other ZarMoney Inventory Accounting Features

 ZarMoney also offers these features for inventory accounting:

  • Convert units of measure (especially helpful if you buy and sell in different units)
  • Stock available to promise
  • Create pick lists
  • Compare received inventory with purchase orders
  • Compare sales orders to invoices
  • Convert estimates to sales orders and to invoices that include item numbers and descriptions

How do I get ZarMoney accounting software?

To get started with ZarMoney, look for the free invoice and inventory software download.

Use ZarMoney software and notice the well-designed customized features for inventory accounting and your other accounting needs.

 

Takeaway

ZarMoney accounting software is a complete platform that includes invoice and inventory software. It’s not just a cookie-cutter. ZarMoney software can handle your inventory accounting needs, providing customization and other well-designed, advanced features. Get started with a free ZarMoney software download that doesn’t even require a credit card to begin. And start talking about it to some business friends outside your company so they can get better inventory accounting too.

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When you account for inventory, flexibility is the key. No one is talking about it. 
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