• Inventory and Cost of Goods Sold (in a Merchandising Business)
    Articles,  Blog

    Inventory and Cost of Goods Sold (in a Merchandising Business)

    In this video you’ll find out what Inventory means and how to account for it in a Merchandising Business. [Music] Hey there I’m James you’re watching Accounting Stuff and in today’s video we’re going to tackle a topic that I get asked about all the time… Inventory. Not gonna lie this is a big one. So I’m putting together a whole Inventory Mini-Series to make sure that we’ve covered all the bases. This is video number one and I’ll be uploading the rest of the playlist over the next few weeks. So hit subscribe if you’d like to see those. Today I want to focus on Inventory in a Merchandising…

  • Accounting 1: Program #22 – “Inventory Methods – Weighted Average, Specific I.D.”
    Articles,  Blog

    Accounting 1: Program #22 – “Inventory Methods – Weighted Average, Specific I.D.”

    Hello everyone we are here again and last class period what we did is we talked about inventory methods FIFO and LIFO and first in, last out and last in, first out and I assigned some homework for those methods. What we are going to do today is we are going to go over the homework or at least go over the homework in regards to FIFO and LIFO then I am going to teach you some other methods, I am going to teach you weighted average and I’m going to teach you specific identification and I’m going to teach you specific ID. So when you leave class today you…

  • Physical Inventory count
    Articles,  Blog

    Physical Inventory count

    Hi, In this video I’m going to cover the physical inventory taking and also how you adjust that physical inventory count. Okay, so there’s primarily two reasons that you would take a physical inventory. If a company is using a periodic system, then they have to do a physical inventory to determine how much they have on hand. Remember, under periodic system they are not tracking the inventory-side every time they make a sale. They’re only recording the sale. So at the end of the period, they have to do a physical inventory count to determine how much they have. That physical count is then used to perform the calculation…

  • Articles

    Accounting for Beginners #43 / Inventory Perpetual / LIFO / Last in First Out / Accounting Basics

    yo yo yo what’s going on everybody hope everyone’s having a great time trying to stay positive if no one’s told you that you’re worth something you are if you have told you that you can achieve your dreams that’s in your head right now you can you have them for a reason let’s get on to this Who am I I am CPX strength I am the strongest licensed CPA in the state of Florida what do I do I teach accounting to the world okay here up here I’ll put a card to the best playlist in the world best accountants in the world best counting best players…

  • Transactional Accounting for Ecommerce Masterclass
    Articles,  Blog

    Transactional Accounting for Ecommerce Masterclass

    Hi, thanks for joining us today. My name is Lauren and I work on the marketing team here at webgility and we are going to walk through transactional accounting for e-commerce with some of our experts So to kick things off. We’re going to talk about some housekeeping Agenda items we’re gonna record today’s webinar and we are going to make that available to you within 24 hours Broadcast and we’ll send you slides the full recording the whole shebang So keep an eye on your inbox because we’ll be sending them up soon if you have a question and want to get our attention On social use hashtag unify…

  • Profit First for eCommerce Sellers: Proactively Running Your Business and Prioritizing Profit
    Articles,  Blog

    Profit First for eCommerce Sellers: Proactively Running Your Business and Prioritizing Profit

    Hey everybody, I’m really excited to welcome Cyndi Thomason We are gonna be taking a deep dive into a book that she has launching very soon January 22nd Profit First for E-commerce Sellers, Cyndi Thomason is the founder and CEO of books keep and Is a Profit First practitioner she’s, well known within the e-commerce Ecosystem and she is a regular contributor to the InventoryLab newsletter as well as our InventoryLab blog and we our InventoryLab is we just love Cyndi! We believe a lot in what she does and and just the mission of bookskeep and we’re really excited to be able to talk with you today about your…

  • Brightpearl Multichannel: Shopify
    Articles,  Blog

    Brightpearl Multichannel: Shopify

    hi I’m Grainne from Brightpearl, and I’m going to talk you through our world-class Shopify integration. It’s designed for retailers to easily manage their online stores as well as their back office operations all from one reliable system. Shopify and Brightpearl share a common goal. To provide a powerful yet simple solutions for retailers to grow their business from. With Brightpearl you can, analyze you inventory flow, accurately forecast, measure revenue, and sync all of your sales channels. Once and order’s been place Brightpearl takes over, and as the order makes its way through your unique workflows, we keep Shopify up-to-date with order statuses & tracking references. So there’s never…

  • Quaderno Demo: How to automate your digital taxes
    Articles,  Blog

    Quaderno Demo: How to automate your digital taxes

    Hi there! In this demo I’ll explain why Quaderno is the easiest way to solve your tax compliance and invoicing needs First I’ll explain a bit about tax laws and how Quaderno helps you comply with taxes all over the world Then I´ll go into how the application automates everything regarding tax receipts Afterwards I’ll talk about tax reports and how the app can give you all the numbers you need to file your taxes in no-time Last I’ll explain how you can get started It’s an easy set-up process In most cases, you’ll be done in less than 10 minutes! But first, international taxes If you sell products or…