Year: 2026

Getting up to speed with key retail costs can be the difference between growing and grinding to a halt. Enter your Cost of Goods Sold. For anyone planning to start a new retail business, this article will give you a primer on Cost of Goods Sold (COGS). With the help of industry experts, we’ll answer…

Ending inventory is more than just the value of unsold goods sitting in your stockroom at the end of an accounting period; it’s a key number that directly impacts your financial statements and sheds light on how well your inventory is performing. Whether you run a single shop or manage multiple stores, keeping this figure…

🎧 Prefer to listen? Press play below:   As a US based retailer, you already have to manage high turnover and the challenges that come with running payroll for hourly or minimum wage workers. But, you may not be aware of the payroll records you need to retain to comply with federal, state and local…

Inventory prices aren’t static, and their value can change depending on several factors in the market. When inventory values go down, businesses need to adjust their financial records to reflect the true worth of their stock. This is where inventory write-downs come in. For retailers, write-downs aren’t unusual. Stock spread across multiple locations or channels…

School may still be out for summer, but you don’t have that luxury as a retailer. Back-to-school is the second-largest retail event of the year—right behind the winter holidays—so there’s no time to sunbathe. Whether it’s preschoolers or college students, parents, teachers and kids alike are looking to bring some excitement and joy to what…

Managing inventory is a balancing act for growing businesses, especially those with multiple locations. When products lose value or can’t be sold, it’s not just frustrating—it directly affects profits and disrupts operations. That’s where inventory management software comes in. An inventory write-off isn’t just another line on your books—it’s a reality check. Whether caused by damage,…