Inventory Management Services

Inventory Management Services

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Companies that sell products have unique business challenges. Unlike service-based business owners, these entrepreneurs often manage, restock, and sell mass quantities of inventory. We work with these types of businesses to simplify their processes, turning them into efficient and scalable operations. Our team reviews and discusses inventory and financials on a regular basis so you know when it’s time to fulfill orders, test new sales channels, and restock inventory. Inventory Systems Services and Support For companies already using, or in need of an inventory management system like DEAR or Cin7/ Omni, our experts can support you. We manage multiple aspects of the process; from system implementation, consulting, and technical support, to ongoing data maintenance, and post-go-live support. What Is It? Accountfully's inventory management services offer clients a more automated, user friendly experience through DEAR inventory systems. From implementation, to management, to post go-live support, we implement the tools to best support the growth of your product. When Do I Need It? Clients benefit from inventory management support when experiencing all or some of the following scenarios: ▶︎ Lack of clarity surrounding frequent inventory adjustments ▶︎ Unclear on which SKUs are causing frequent adjustments ▶︎ Recurring adjustments of a material amount are common ▶︎ Expansion of inventory locations ▶︎ Planning to grow at a high rate in the near or mid future ▶︎ Need more detailed reports; profitability by SKU, when to reorder, etc. ▶︎ It's time to incorporate Freight In, Duties, Customs, etc. into your landed cost ▶︎ Frequent variances in the purchase price of raw materials ▶︎ Confusion surrounding inventory bills being prepaid or received ▶︎ Need access to real-time revenue numbers, versus only end of month ▶︎ Mixed production models; some from raw goods, others are purchased turn-key ▶︎ Changing from an in-house to co-pack model, or from co-pack to turnkey
AccountfullyAccountfully has been an integral accounting partner to hundreds of CPG brands for over a decade. Our modern solutions offer flexibility and scalability in each of our service levels. Each is designed to match a need at every step; ranging from basic bookkeeping and tax to more advanced advisory and inventory management services. Serving the Unique Needs of the Inventory Based Business Managing inventory is a complex process that requires efficient, timely, and proactive accounting methods to support its unique business model. We provide the data that allows you to make big decisions and focus on running your business. Our in-house inventory accounting team are dedicated experts in their craft. They work with clients to map out the best plan that maximizes their inventory and supports their business goals. Modern Solutions for Modern Brands Our modern systems support modern brands. What inspires us about CPG brands is the category-disrupting ideas and the conscious causes they support. These business leaders don’t have time for bulky paperwork and processes, they are forward-thinkers who use modern technology. Since the beginning, Accountfully has utilized cloud-based systems that sync nicely with other popular apps and software. Run your business from anywhere and get set up quickly. We match our clients' demand for these essential efficiencies. Some of our hallmark systems used include: Quickbooks Online Gusto for payroll and employee management BILL for Accounts Payable and Receivable Fathom for KPI tracking DEAR/Cin7 for inventory management Expensify, Divvy, and Ramp for expense management These all integrate nicely with popular CPG-specific applications like Shopify, Faire, Amazon, Mable, and KeHE Connect, to name a few. Inventory Management Systems Implementation and Management Know the costs of each step of your product; from raw materials to finished goods, minus the bulky spreadsheet. When it’s time to implement an inventory management system our team can help. We specialize in popular systems like DEAR/Cin7 and leverage our proprietary “Inventory Workbook”, which maps out the supply chain and all points in the cost of goods sold. This pivotal document acts as the foundation for inputting all necessary details into a system when the time comes. Services Offered Accountfully offers a variety of engagements based on your business needs, including: Bookkeeping and Controller Level Services Introductory Outsourced Accounting Full-Service Outsourced Accounting Inventory Management Services Finance and Advisory Tax Services Deductions Management

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