Setup Inventory Management System

How To Setup Efficient Inventory Management System

A retail business’s inventory is among its most precious assets. As it has been proven to be the case, in the global ever-growing economy, for inventory-intensive industries such as retail, hospitality, and manufacturing, an entity’s finished products, raw materials, and other components are at the heart of its business. Therefore, a shortage of inventory at…

GST State codes in India

GST State Codes List in India The GST taxpayer gets the GST number after registering with GST. The first 2 digits in the registration number are the state code. The GST State Codes are used to identify the state of the GST registered entity. These codes are also useful while raising invoices in GST and…

Inventory Valuation Methods

Inventory Valuation Methods Inventory generally refers to stock or stock in trade. In trading, it refers to perpetual inventory meant for resale or unsold goods. In a manufacturing concern, it includes items such as raw materials, semi-finished goods, and finished goods. An inventory valuation allows your company to provide a monetary value for items that make up…