True Inventory Costing – Does Your Small Business Accounting Software Manage This?
We regularly find with our clients who use MYOB, Xero and QBO often come across the issue of not knowing what their true cost of their inventory is. Small accounting systems often only allow average cost – so you buy in a piece of stock a year ago, when it cost you $100 and buy the same piece in today at a cost of $250 – that stock cost would… Read more