streamlines order management and generates detailed reports. The basic inventory tools that come with small-business accounting software and point-of-sale systems can be sufficient in some cases ...

How to calculate an inventory item on the balance sheet using First In, First Out (FIFO) and Last In, First Out (LIFO)—and consider the results of each inventory accounting method.

Just in time (JIT) inventory control systems occur when a business holds no stock and instead relies upon deliveries of raw materials and components to arrive exactly when they are needed.

Most also offer paid inventory management software ... Objective and comprehensive business accounting software ratings rubric. (Learn more about our star ratings.) NerdWallet's small-business ...