How to Reconcile Accounting and Physical Inventory: A Step‑by‑Step Guide
Introduction Maintaining accurate inventory records is critical for any business that handles physical goods. Discrepancies between your accounting system’s on‑paper inventory and what actually sits on your shelves can lead to stock‑outs, overstocking, misstated financials, and audit headaches. Reconciling accounting and physical inventory bridges this divide: it identifies variances, uncovers root causes, and ensures your […]
ERP vs. Standalone WMS for Inventory Management: Which Is Right for Your Business?
Introduction Choosing the right system to manage your inventory is a pivotal decision that impacts operational efficiency, customer satisfaction, and your bottom line. Two primary options dominate the market: While an ERP offers broad, integrated functionality across finance, sales, purchasing, and more, a standalone WMS delivers deep, specialized capabilities for warehouse operations. But which path […]
