If you’re a business owner with stock, having a good inventory system in place and keeping track of inventory with the right controls can make a big different to your profitability.

In this video I’ve broken down the categories we use to group inventory on financial statements, what makes up the cost of an item in your inventory, and the impact of obsolescence and stock write-offs.


categories for inventory on your financial statements

  1. goods available for sale
  2. goods ordered but not received
  3. goods not available for sale
  4. raw materials
  5. consumables

Check out my video on the impact of foreign exchange here.


we’re here to help

If you’d like to chat to us further about your inventory systems, give the team a buzz on 1300 BDEPOT or shoot us an email at oneplace@businessdepot.com.au.


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