![]() This makes it easier to track business performance, reduce shrink, and track sales. Updated in real-time - Instead of being manually updated after a set period of time, your inventory records are constantly updated after each and every sale.Ensures accurate inventory count - With a properly implemented perpetual management system, it's easy to track your inventory, and ensure that your records are accurate.Perpetual inventory systems have a variety of benefits for small business owners. This makes it a much more accurate and reliable method of inventory tracking, compared to periodic inventory systems. Whenever a product is sold, thrown away, or written off, a modern inventory management software system records this change – and updates inventory counts accordingly. Perpetual Inventory Systems are a much more efficient, modern solution to inventory management, and are in use in just about every modern business.Īs the name suggests, perpetual inventory systems record inventory movement perpetually. ![]() Accounting syst ems must be modified at the end of the period - Your accounting records will be highly inaccurate, and must be reconciled with your physical inventory levels after each inventory period.Hard to restock accurately - Because inventory counts are only made during a specified time period, it's harder to restock popular items, or understand what products you may be running low on. ![]()
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