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The Heart of E-Commerce: Inventory Management Cleveland
- Location: Cleveland, Ohio, United States
For an e-commerce business, your inventory is your largest asset and your biggest risk. If your bookkeeping doesn't track Cost of Goods Sold (COGS) accurately, your Profit & Loss statement is essentially a guess.
Many sellers make the mistake of "expensing" inventory as soon as they buy it. However, to see your true margins, you must track inventory as an asset that only moves to an expense when a sale occurs. We help you master this transition:
Real-Time COGS Tracking: We ensure that every sale is matched with the specific cost of the item sold, giving you an accurate picture of your gross margins.
Ending Inventory Accuracy: We reconcile your digital inventory records with your physical stock or 3PL (Third Party Logistics) reports, accounting for shrinkage, damages, or lost shipments.
Valuation Methods: Whether you use FIFO (First-In, First-Out) or Average Cost, we maintain the discipline required to satisfy IRS requirements and provide a clear picture of your company's value.
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- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"
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