EVERYTHING YOU NEED TO KNOW ABOUT INVENTORY AS A SMALL BUSINESS OWNER
what to include in inventory, how to track it, how it's treated for tax purposes, and how to get a system in place even if you've been messing it up in the past.
You might be wondering "Do I have to deal with inventory?"
If you don't sell products at all, and just sell your services, then inventory is not something you have to deal with and you can skip this training and cross inventory off your to-do list. Yay!
If you purchase items for resale, meaning you don't create them, you just buy them from your vendor and sell them for a higher price to your customer, then you have inventory you need to keep track of.
This is not the case if you don't actually touch the item you're selling; for example, if you act as a middle person and place orders for your customer but the goods ship directly from your vendor to your customer. In this scenario you don't have to track inventory.
You also have inventory if you create items that you hold ready to sell or if you keep supplies on hand that become part of your finished product.
Access to a live 60-minute workshop
Immediate access to a free spreadsheet and 4 minute video to help you do a year-end inventory count (the first step in getting control over your inventory).