5 Free Inventory Software for Crafters
Crafters, whether you’re a passionate hobbyist or a small business owner, understand that efficient inventory management is crucial for success. From tracking supplies to ensuring adequate stock for future projects, the right stock tracking software can make all the difference. While manual tracking of craft supplies is challenging, inventory tracking tools can simplify the process. […]
7 Best Inventory Software for E-commerce Business
Efficient inventory management is crucial for the success of any e-commerce business. Selling on multiple channels can easily get overwhelming however, with the right software, you can streamline operations, maintain optimal stock levels, and enhance overall efficiency. In this article, we’ll explore the importance of e-commerce inventory management software, key features to consider, and the […]
5 Best Inventory Management Software for Shopify Business
In the bustling world of e-commerce, managing inventory efficiently is key to success, especially for Shopify businesses. Using the right inventory management software can help Shopify merchants streamline operations, maintain optimal stock levels, and enhance overall efficiency. In this article, we’ll explore the importance of inventory management software for Shopify businesses and present five top-notch […]
How to Calculate FIFO Cost of Goods Sold
Accurately calculating the Cost of Goods Sold (COGS) is crucial for any business that deals with inventory. The FIFO (First In, First Out) method is one of the most widely used inventory valuation methods, and it plays a significant role in determining COGS. In this blog, we’ll explore how to calculate FIFO COGS, compare it […]
Outstanding Receivables
Managing cash flow is crucial for maintaining financial stability and promoting growth in every business. A key metric in understanding your business’s financial health is Accounts Receivable Days Outstanding (ARDO). This measurement reveals how long a company takes to collect customer payments, directly impacting its liquidity and cash flow. In this blog, we will dive […]
