Mar 16, 2018 | Business Tips
FIFO vs LIFO: the great business accounting debate. At the end of your fiscal year, you’ll probably use one of these two accounting methods to value your inventory and report your profitability. But they’re distinctly different and will produce very different results...Dec 23, 2017 | Business Tips
ShareTweetShare Would you like to know exactly when you need to reorder stock and how much you need to reorder? Then you need to calculate your economic order quantity (EOQ). EOQ – much like a reorder point formula – helps you take the guesswork out of...Dec 2, 2017 | Business Tips, Top 10
ShareTweetShare The United Arab Emirates (UAE) Government is officially moving forward with a 5{cb377218d5687e54e8ee9149518f87201a393a7c1db5e8076e9d750029ec0dc3} value-added tax (VAT) that will take effect on January 1st, 2018 – and you need to prepare for it...Sep 9, 2017 | Business Tips
ShareTweetShare Excel inventory management is good for one thing: Running a small business with little growth. If you’re just starting out or maintaining a small business without trying to expand it, then excel inventory tracking would work fine for you. If you run a...Aug 5, 2017 | Business Tips
ShareTweetShare Do you know when you’ll need to order more inventory before selling out? Have you already experienced a few stockouts and don’t how to prevent them? Are you relying on your “instincts” to calculate your reorder point? You can stop being a victim to...
