The LIFO method, Last-In, First-Out, is used by U.S. companies with IRS approval to value inventory and has been a part of U.S. tax law for over 80 years.
Category: Audit and Assurance
Lean manufacturing is a continuous improvement process that relies on everyone in the organization to identify opportunities to enhance efficiency. This article covers five smart ways to keep your inventory lean without compromising revenue and customer service.
The Provider Relief Fund (“PRF”) was created to assist healthcare… Read more »
What does 2019 look like for the manufacturing industry? LBMC conducted a national survey covering business unit leaders in eight industries, including manufacturing. The survey collected responses to determine a baseline of optimism and strategy preferences over the past 12 months and the coming 12 months.
Cycle counting is a process that replaces comprehensive annual inventories with smaller counts conducted on a continuous basis. In this article learn how investing in a cycle counting inventory system now can create savings for your business in the long run.
As a benefit plan auditor for over 10 years, I… Read more »
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Original post on Nashville Business Journal As shareholders of a… Read more »