![Bookkeeping Basics - Inventory](http://latinotaxpro.com/cdn/shop/products/6_ffa580dc-611e-4697-98a4-8689241949db_{width}x.png?v=1661807007)
Every tax preparer and accountant somewhere along the lines needs to have a fundamental basic understanding of bookkeeping in order to ensure they are using the correct numbers when preparing a tax return or otherwise presenting financial information to their client.
Inventory
- Learn the basics of Inventory through a basic overview
- Discover methods of valuing inventory
- Understand the differences between Periodic and Perpetual (or Dynamic) inventory methods
- Learn how to code Inventory transactions using examples of FIFO, LIFO, and AVCO methods
- Understand how a computerized inventory system handles these same transactions