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Read the latest Accounting software articles, news and reviews.
Co-Product and By-Product Costing in Process Manufacturing
By Sherman Hsieh | Nov 02 2026
Co product costing explained: physical and relative sales value joint cost allocation, by-product NRV credits, journal entries and how ERPs handle it. Read More
Activity-Based Costing: When It Pays Off and Which Software Supports It
By Sherman Hsieh | Nov 02 2026
How activity-based costing works, the journal entries, a worked example, GAAP and 263A rules, and which ERP and ABC software actually supports it. Read More
Absorption Costing vs Variable Costing: Differences, GAAP Rules and ERP Reporting
By Sherman Hsieh | Nov 02 2026
Absorption costing vs variable costing explained: fixed overhead treatment, a worked inventory example, ASC 330 and 263A rules, and ERP reporting setup. Read More
Cost of Goods Manufactured Schedule: Formula, Template and How ERP Produces It
By Sherman Hsieh | Nov 02 2026
Cost of goods manufactured schedule template with formula, worked example and overhead rules, plus where Business Central, NetSuite and Acumatica show it. Read More
Stock Ledger: What It Shows and How to Use It to Track Inventory Movements
By Sherman Hsieh | Nov 02 2026
Stock ledger explained: the item-by-item record of receipts, issues, transfers and adjustments, a sample layout, GL tie-out and where to find it in ERPs. Read More
LIFO Reserve: How to Calculate It, Book the Adjustment and Disclose It
By Sherman Hsieh | Oct 30 2026
LIFO reserve explained: formula, journal entries, a worked dollar-value LIFO example, liquidation effects, the conformity rule, disclosure and software. Read More
Lower of Cost or Net Realizable Value: How to Apply the Inventory Write-Down Rule
By Sherman Hsieh | Oct 30 2026
Lower of cost or net realizable value explained: ASC 330 LCNRV vs LCM by cost method, a worked write-down, journal entries, tax rules and ERP support. Read More
Landed Cost Calculation for Importers: Formula, Allocation Methods and ERP Support
By Sherman Hsieh | Oct 30 2026
Landed cost calculation for US importers: formula, FY2027 MPF and HMF, allocation by value, weight or volume, late invoices and how ERPs handle it. Read More
Inventory Holding Cost Formula: Calculating Carrying Cost With a Worked Example
By Sherman Hsieh | Oct 30 2026
Inventory holding cost formula explained: capital, storage, handling, taxes, shrinkage and obsolescence, a worked example, EOQ, safety stock and ERP data. Read More
Inventory Shrinkage: Formula, Journal Entry and How to Find the Cause
By Sherman Hsieh | Oct 30 2026
Inventory shrinkage: rate formula, adjustment journal entry and COGS impact, how to separate theft from errors, benchmarks and ERP count controls. Read More