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LIFO Reserve: How to Calculate It, Book the Adjustment and Disclose It
Posted 17 hours ago by Sherman Hsieh
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
Posted 17 hours ago by Sherman Hsieh
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
Posted 17 hours ago by Sherman Hsieh
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
Negative Inventory: Why It Happens in Your ERP and How to Stop It
Posted 17 hours ago by Sherman Hsieh
Negative inventory in your ERP: trace shipping before receiving and unit-of-measure errors, fix COGS distortion, and turn on the settings that block it. Read More
Inventory Holding Cost Formula: Calculating Carrying Cost With a Worked Example
Posted 17 hours ago by Sherman Hsieh
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
Posted 17 hours ago by Sherman Hsieh
Inventory shrinkage: rate formula, adjustment journal entry and COGS impact, how to separate theft from errors, benchmarks and ERP count controls. Read More
Excess and Obsolete Inventory: Calculating the E&O Reserve
Posted 17 hours ago by Sherman Hsieh
Excess and obsolete inventory reserve explained: identify E&O stock, calculate the reserve, journal entries, SAB 5BB, Thor tax rules and ERP reports. Read More
Inventory Aging Report: How to Build and Use It, With a Template
Posted 17 hours ago by Sherman Hsieh
Inventory aging report template with FIFO layer buckets, slow-mover flags and ASC 330 reserve inputs, plus where to find it in NetSuite, BC and Acumatica. Read More
Perpetual vs Periodic Inventory: How Each System Records Purchases, Sales and COGS
Posted 17 hours ago by Sherman Hsieh
Perpetual vs periodic inventory compared: journal entries for purchases, sales, returns and COGS, a worked example, and what switching to perpetual takes. Read More
Inventory Costing Methods: FIFO, Average, Standard and Specific Identification in ERP
Posted 17 hours ago by Sherman Hsieh
Inventory costing methods compared for US controllers: FIFO, average, standard and specific ID, IRS and GAAP rules, worked entries and ERP support. Read More