Buying accounting software is a major investment. It's an important decision and you need to be sure of all the facts before you buy. You certainly wouldn't want to get accounting software and then find a few months later that the software can't handle your growing business. You also don't want to be fooled into buying low priced software and then finding out that you have to make multiple upgrades to get it to the level you need to effectively run your business. And worst of all you don't want to get software with little or no support. Our research...
Wednesday, January 23, 2008
Inventory Accounting Software
When talking about inventory accounting software, barring a few exceptions, inventories should be valued lower than historical cost or net realizable value. The exceptions are the inventories of consumable stores, by-products, reusable waste and non-reusable waste.For the purpose of comparing historical cost with net realizable value, each item in the inventory may be dealt with separately, or similar items may be dealt with as a group. The historical cost of inventories should normally be determined by using the FIFO (first in first out), average...
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