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Resources - page 8 of 8

Inventory management, manufacturing, and business strategy for small-batch product businesses.

FIFO vs LIFO vs Weighted Average Cost — Which Method Should Small Manufacturers Use?

bookkeeping tax

FIFO vs LIFO vs Weighted Average Cost — Which Method Should Small Manufacturers Use?

Not sure whether to use FIFO, LIFO, or weighted average cost for your product business? Here's what each method means in practice — with real production examples — and which one Stocksmith uses automatically.

· 15 min read
Accrual vs Cash Accounting: Which Is Right for Product Businesses?

bookkeeping tax

Accrual vs Cash Accounting: Which Is Right for Product Businesses?

Cash vs accrual accounting: what's the difference, and which one should a product business actually use? Here's what you need to know — including how your choice affects your COGS and inventory tracking.

· 14 min read
What is Inventory Shrinkage and How Do You Calculate It?

inventory management

What is Inventory Shrinkage and How Do You Calculate It?

Inventory shrinkage isn't just a retail problem. For small manufacturers, it shows up as failed batches, spilled wax, expired oils, and miscounted components. Here's how to track and account for it.

· 17 min read
NAICS Codes for Clothing and Apparel Businesses — 2026 Guide

bookkeeping tax

NAICS Codes for Clothing and Apparel Businesses — 2026 Guide

Confused about NAICS codes for your clothing business? We break down the most relevant codes for cut-and-sew manufacturers, online clothing stores, custom apparel, and everything in between.

· 15 min read