If you run a business that requires the housing of inventory, the amount of inventory you keep on hand is tracked in your accounting system. Periodically, the inventory should be physically counted to ...

If you sell merchandise or manufacture products, you depend on selling your inventory to earn revenue. To know your gross profit, you must track your sales and the cost of goods sold, or COGS.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...