At some point in every product-based business, the question comes up: When is the right time to implement an inventory management system?It’s a smart question, and one we hear often from founders and entrepreneurs looking to scale. While it might seem like the answer is “as soon as possible,” the truth is a little more nuanced. In fact, at Accountfully, we believe waiting a little longer than you think is often the best decision.

For any business that sells physical products, inventory is more than just a line item—it’s your biggest asset, your largest cash outlay, and a major driver of your profitability.

Navigating the turbulent waters of the current economy is a top concern for CPG brands and businesses across the board. With ongoing economic uncertainty, fluctuating tariffs, and a rapidly evolving landscape, founders are grappling with understanding the impact on their operations and building a resilient foundation for the future.

For inventory-based companies, having a well-structured chart of accounts is a foundational way to maintain financial clarity, track profitability, and make informed business decisions.

Whether you're importing packaging from overseas, sourcing raw materials globally, or manufacturing abroad to control costs, tariffs can significantly impact your bottom line on a good day. With the newest legislation at play, you can no longer ignore these costs.

Learn seven of the ways using an inventory management system like Cin7 supports end-of-the-year inventory counts.

Learn five reasons why an inventory management system will benefit your business.

We recapped the 2023 Cin7 Partner Summit; what we did, why we went and more.

We recap the do's and don'ts from The Month End Podcast episodes 23-27.

Learn why synching QuickBooks and Cin7 give you inventory management superpowers.

We share some of the highlights of our first livestream of Fully Obvious–The Entrepreneur's Secret with our guests Monique and Chevallo Wilsondebriano of Charleston Gourmet Burger.

Learn what an Inventory Management System is, how it works and when you need it.

Read the CPG advice from guests on episodes 18-22 of The Month End Podcast.

Basic Key Performance Indicators for the Product Based Business.

A CPG company selling through a distributor or dealer network is bound to run into deductions. Learn what deductions management is and how to tackle it best for success.

Lately we’ve been talking a lot more about the hefty task of managing deductions for many of our CPG and inventory based clients. Here's a deeper look.

At the close of the year, there are some big considerations that should be made, especially if you deal with inventory.

Are you a CPG business owner wondering how you match up to companies similar to you? See our exciting collaboration geared to help answer just that.

See the CPG business do's and don'ts from the last four episodes of The Month End Podcast here.

ACCOUNTFULLY EXPANDS ITS SERVICES AND DEVELOPS NEW TOOLS TO BETTER SERVE ITS INVENTORY BASED CLIENTS

Buying inventory can be narrowed down to five areas. To best navigate the inevitable complexities of purchasing inventory, let’s review each.

Apply an inventory system to help manage, track and display inventory data in a simpler way than your trusty spreadsheet.

Margin analysis is getting into the Profit and Loss weeds to better understand the impact the small pieces have on the big picture.

So many factors need to be considered when accounting for inventory. So where do you start and how should you do it? Let us enlighten you a bit.

Meet one of Accountfully's tools and processes used to manage complex inventory for our clients.

With the rush of filing taxes now subsiding and fourth quarter in full swing, it’s time to come up with a strategy for the holiday season months for sales.

One of the benefits of working with an outsourced bookkeeping and accounting firm like Accountfully is that you get an entire team rather than a single staff member. Accountfully offers business owners the resources and knowledge of an entire team with different areas of expertise.

Through smart bookkeeping and accounting strategies, Accountfully helps food entrepreneurs and producers of packaged goods increase their bottom line. Committed to understanding their product and their vision, we help them create and track both short and long term goals.

Understand the ways inventory management factors into growth and success in the new year. Product-based business owners can leverage an outsourced bookkeeping and accounting team to help them make sense of inventory counts and margins by sales channel.

There's a lot to figure out when starting a business. We recommend you spend money on your products and focus on developing your brand.

Understanding your cost of goods sold is a must. Not only does it help you budget and forecast, it's the foundation to make your business profitable.

To choose an inventory management systems that will help your business grow, you must first understand if your current inventory management system is working.

For food entrepreneurs, getting on the shelves of Whole Foods can be a puzzle. Allison Ball Consulting helps food businesses grow with purpose and support.

Three Inventory Management Tips For Food Entrepreneurs looking to grow their business and simplify their bookkeeping and accounting processes.

Every business has ebbs and flows in their sales cycles. As an outsourced accounting firm, Accountfully helps business owners plan for slow seasons.