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

Form 1125-A: Cost of Goods Sold for Small Business (How to File)

bookkeeping tax

Form 1125-A: Cost of Goods Sold for Small Business (How to File)

If your product business sells physical products, Form 1125-A is how you report your cost of goods sold to the IRS. Here's exactly what each line means, and a worked example.

· 16 min read
Complete Guide to Raw Material Inventory Management

inventory management

Complete Guide to Raw Material Inventory Management

How to track and manage your raw material inventory to increase profits, become more organized and grow your business.

· 27 min read
COGM (Cost of Goods Manufactured) — What It Means and How to Calculate It

inventory management

COGM (Cost of Goods Manufactured) — What It Means and How to Calculate It

COGM (Cost of Goods Manufactured) is the total cost to produce finished goods in a period. Here's what it means, the formula, and how it differs from COGS.

· 13 min read
Why Cake Makers Need Inventory Software (Not a Spreadsheet)

inventory management

Why Cake Makers Need Inventory Software (Not a Spreadsheet)

Most cake makers set prices without knowing their real costs and order ingredients without tracking what's on the shelf. Here's how inventory software fixes both, and when it's time to stop using a spreadsheet.

· 19 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