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Why Effective Inventory Management Is Critical to Accurate Accounting

Every retail or wholesale brand needs an inventory management system, but, shockingly, not all of them have one.

If your business is scaling and selling through more channels, you’re probably at the point where spreadsheets are no longer cutting it. Recording and reporting on inventory in multiple locations is complicated and time-consuming, but even though time spent on these administrative tasks typically translates into money lost, they still have to be done.

Cloud-based inventory management that integrates with your QuickBooks or Xero accounting software can save you time and money and prevent potentially costly errors. With robust inventory management software like Cin7 in place, you’ll be able to easily pull operations data to make informed accounting decisions and manage eCommerce orders, warehouse fulfillment, retail inventory, point of sale and more.

 

In this white paper, we discuss:

 

  • 5 ways an effective inventory management system benefits overall business operations
  • How integrating inventory management with your accounting software aids accurate financial reporting
  • What your team should be doing on an ongoing basis to aid future growth
  • How you can gain visibility, control and efficiency as business complexity increases

 

Award-Winning Inventory Management Software

google premier partner Microsoft Gold Partner Front Runners 2018
Impact Award Capterra Top 20 Stevie Bronze Award

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