Why is my Inventory Valuation SO Overstated?!?!?
The typical culprit is WIRE! If you are keeping Inventory of Wire, this should be your first check to see if the per foot counts were somehow, accidentally, added to the per roll item (think of the cost/price difference)!
Want to double check to make sure your Inventory Valuation is accurate? Click here to see how to run those Inventory Reports. Get started by running your Stock Asset Value report to make sure your numbers are correct..
How should we be tracking wire?
If you are keeping Inventory of your wire, Master Packs are the answer. Simply put, you can order in bulk, and still sell per foot. Click the link to see how you can get those set up for easy wire management.
Last modified:
19 Nov 2024