Inventory for Handmade Success

by Craftybase

This eBook introduces online craft sellers to the absolute basics of inventory in an easy to understand way, giving you the knowledge you need to finally get your inventory, costs, and taxes under control.

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What's Inside

Table of contents

Introduction

Why do I need to track my inventory?

Stock level management

Profitability

Anticipating Demand

Shrinkage and loss control

Insurance

Financial and Tax calculations

Supplies and Materials

Supplies

Materials

Direct and Indirect Expenses

Direct Expenses

Indirect Expenses

Methods of Valuing Inventory

The FIFO Method

The LIFO Method

The Rolling Weighted Average Method

Which inventory method to choose?

What is COGS?

Perpetual vs. Periodic Tracking

Periodic Tracking

Perpetual Tracking

Stocktaking

End of Year (EOY) Stocktaking

The Cycle Count

What to do when you find a stock discrepancy

Tips for getting into the cycle count groove

Summary

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