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Content AccountingTools Put goods at a discount Lack of inventory transparency Video – Eliminate obsolete inventory Obsolete inventory – definition and example How to avoid creating obsolete inventory Slow-moving items and dead stock can take up valuable storage space that could be used to store a higher volume of faster-selling products. Inventory audits can also […]
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The amount in allowance for doubtful accounts is deducted from the accounts receivable account of a company. Contra accounts provide more detail to accounting figures and improve transparency in financial reporting. Data-backed inventory replenishment decisions can reduce the amount of dead stock you have as well as inventory carrying costs. Optimally restocking inventory becomes a […]