How to Calculate Net Profit: A Complete Guide
As a retailer or wholesaler, understanding your net profit is crucial for making informed financial decisions and assessing the overall profitability of your business. In this comprehensive guide, we will walk you through the concept of net profit, its significance for retailers and wholesalers, the formula used to calculate it, and how Vencru can simplify […]
Inventory Shrinkage: How to prevent it
Monitoring your inventory shrinkage levels keeps you on track as a resourceful retail business manager. But, failure in doing this can crash your business…
What to know about accounting software for small business?
If you need to purchase accounting software for a small business then you need to do your research. If you don’t then you could end up making the wrong decision and wasting money. As the business owner, you will have to make sure that you have the right tool for the job. This is especially […]
Do you need a new retail POS system for your business?
Integrating a POS system with your business is an excellent way to grow your business, manage your employees, and supply your customer’s needs…
What is the best inventory system for small retail shops?
Retailers and e-commerce business customers rely on efficient inventory management to ensure that their customer’s orders/purchases are delivered accurately and as scheduled…
Inventory accounting: Key terms and valuation methods
Inventory accounting is a calculated procedure for deciding the cost and value of stocks in your inventory. These changes can occur for several reasons, like, obsolescence, damages…
How to level up your retail store’s customer service
In our fast-changing world, effective retail management is needed to level up your retail stores’ customer service experience in meeting the expectation…
Tracking inventory: Must-haves for inventory management software
Tracking inventory is a unique aspect of every business. Having excellent inventory management software manages your stocks, avoids wastage…
All about the retail inventory method
The retail inventory method is an accounting method used to estimate the value of products in a store at the end of a business period. There are four steps to…
8 steps for efficient retail inventory management
Retail inventory management centers on minimizing the cost of holding inventory by informing you when it’s time to restock products or…
