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LIFO Reserve: How to Calculate It, Book the Adjustment and Disclose It
Posted yesterday 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 yesterday 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
Vendor Onboarding Software: Collecting W-9s, Banking Details and Compliance Documents
Posted Oct 28 2026 by Sherman Hsieh
Vendor onboarding software compared: W-9 collection, IRS TIN matching, bank account checks and ERP sync in Oracle, Coupa, PaymentWorks and Tipalti. Read More
Vendor Master Data Management: Keeping Supplier Records Clean in Your ERP
Posted Oct 28 2026 by Sherman Hsieh
Vendor master data management for AP teams: duplicate checks, bank detail change controls, approval workflows, TIN matching and cleanup in your ERP. Read More
Goods Received Not Invoiced (GRNI): Accrual, Reconciliation and ERP Setup
Posted Oct 28 2026 by Sherman Hsieh
Goods received not invoiced explained for US controllers: the GRNI accrual, clearing account reconciliation, aging old receipts and ERP setup. Read More
Unclaimed Property Reporting Software: Tracking Dormancy, Due Diligence and State Filings
Posted Oct 23 2026 by Sherman Hsieh
Unclaimed property reporting software compared: Sovos, Ryan Tracker PRO and HRS Pro, with dormancy, due diligence, NAUPA files, priority rules and VDAs. Read More
Inventory Holding Cost Formula: Calculating Carrying Cost With a Worked Example
Posted yesterday 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 yesterday 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
Consolidation Worksheet Template: Combining Entities, Eliminations and Noncontrolling Interest
Posted Oct 27 2026 by Sherman Hsieh
Consolidation worksheet template for Excel: parent, subsidiary, elimination and consolidated columns, worked NCI entries, tie-out checks and software. Read More
Private School Accounting Software: How to Choose a System for an Independent School
Posted Oct 21 2026 by Sherman Hsieh
Private school accounting software: restricted funds, endowment, tuition integration, 10-month payroll, and Blackbaud, Veracross and Sage Intacct compared. Read More