Inventory

November 30, 2016

Inventories and Sales

Your merchandise stock represents a large portion of your investment in your business. It is important that you manage this inventory well to maximise your profits as uncontrolled inventories are inefficient and costly. You will benefit from Bookkeeping & Payroll Services if you run a businesses that has a number of individual products of sufficient unit value to justify stock-taking. Advantages of our service include: Product margins can be monitored at all times Stock levels can be properly controlled and kept at the minimum desired levels Current product sales trends can be quickly identified Staff savings can be obtained by the automatic production of price lists and product lists for stock-takes and stock valuations. Our inventory and sales service will […]

October 5, 2016

Inventory Basics for Melbourne Small Businesses

Small businesses abound in Melbourne. The city, after all, is not lacking in people with diverse needs and interests. It boasts of steady economy and one that clearly reflects Australia’s vision. For first-time business owners, particularly those engaged in retail businesses, one of the most significant tasks is doing and managing inventory. People who are new to it, though, often ignore crucial steps necessary to make this job fast and efficient. Ask yourself why you are doing it Of course you need to know which items are still on hand and which ones are not, but inventory offers more benefits than that. It helps you determine which items you should not be without and which ones just take precious shelf […]

March 29, 2016

Steps to Easy Inventory

Many business owners are not too keen on doing or getting involved in inventory management. Well, it’s not exactly an exciting task but nonetheless very important in keeping the cash flow strong. A good inventory system means business funds are maximised, keeping all best-selling products consistently in stock while those that are not will only take the necessary shelf space. It also means greater profit as your business produces happy customers. Sales staff can check product availability easily and instantly, which translates to shorter wait time for customers. With such benefits, it is recommended that even with an inventory manager or a bookkeeper Melbourne running the warehouse, you should be aware of how inventory management works as well as how […]

November 9, 2015

Setting Up An Inventory Control System

Inventory control systems keep costs down. Inventory is the most valuable asset in a large number of small businesses, and it can also be one of the most difficult assets to keep under control. Theft, administrative errors, physical damage and obsolescence all eat away at inventory, squeezing profit margins and damaging bottom lines. Setting up an inventory control system can help you to maximize the value of your inventory by keeping costs under control. Step 1 Implement policies to limit the amount of people with access to your inventory, and keep a record of who has access to secure areas at specific times throughout each day. Managers often underestimate the effect of theft on their inventory costs. Consider installing […]