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Throughput Accounting: how often do I record my inventory?
- is it like every week, month, quarter, etc?
the purpose is to record and calculate my stock turns for analysis - so i suppose the more recordings would give me a better idea?
1 Answer
- 1 decade agoFavorite Answer
Well you are correct, the more often you prepare your inventory the more accurate the results but it really boils down to the basics of keeping good accounts, files, invoices and records and if you do it right at the start then it is more likely to be accurate at any time you decide to finalise your records. You should really do it 6 times a tax year at least.
Thanks
Tax Doctor
