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Monday, July 4, 2016

THE INVENTORY COUNT UPDATING PRICES Part 6



Image result for counting inventory
Source Google



Week FIVE Recap
Who should be doing an inventory count? It is easier to list when an inventory count is not necessary
  • Completely paperless
  • Absolutely have no office supplies (such as paper and ink for a printer)
  • No business cards or product flyers, brochures, no products sold and then delivered to your customers
  • Have no need for cleaning product or items to clean your to clean your office (Some have a cleaning company come in and clean)

Image result for home office
Source Google


WEEK SIX - Today
In the weeks prior I went over extra information. But you will actually do 4 steps and you will get that down to on average 4 days for a business with high sales volume with a lot of inventory.

With this step it is important that you can concentrate and work without interruptions, including phone calls and in a quiet place. I recommend this because you will be working with numbers.

Other Reasons Why
  • Your Profit and Loss statement is going to come from this information.
  • The information to compare where your business is compared to last month, last quarter and last year.
  • Help you improve your bottom line.
  • Alert you to a possible theft problem
  • To do projections on sales
  • Can you get that equipment that you need?
  • If you need to expand operations, such as another store
  • Do you need to raise prices?
  • Do you need to hire?
These are just a few examples




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