Taxpayers that fail the gross receipts test are not eligible for the new rules governing inventory accounting. The $25 million threshold will be indexed annually for inflation; the 2025 amount is $31 ...

Keeping track of how much inventory you have in your business is crucial, for purposes of financial reporting, handling taxes and business planning. Inventory refers to raw materials, works in ...

For a business, liquidity means the ability to generate cash. Nearly every asset a company has is liquid to some degree, but some are more liquid than other. Merchandise inventory and accounts ...

Accurate inventory accounting is vital, especially in the globalized world of low-cost competition. Five critical inventory accounting control lapses threaten a company’s long-term survival.

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...