Getting inventory figures right
Dear Inventory Consulting – Getting inventory figures right!
Manufacturing, retail and distribution businesses are a key part of Australia's economy. DEAR Inventory offers a comprehensive suite of warehouse management, inventory tracking and product manufacturing tools to help give you timely and relevant data relating to your operations. At Business Lighthouse we partner with Cin7 Core (formerly DEAR Inventory Systems) to get all these figures right.
Incorrect inventory data and records can result in unhappy customers, lost sales, and wrong accounting records and reporting. Wrong data here can result in massive under or overs in gross profit margins. This equals incorrect net profit, making accurate product profitably and sales analysis problematic at best. Getting this data right is critical for successful financial management for any business that sells a product.
As a Cin7 Core partner, Business Lighthouse is uniquely positioned to help set up, migrate or integrate your Cin7 Inventory Management, and educate you and your team on how to best use it to meet your goals. good data equals better business decisions.
Contact Business Lighthouse today to discuss how we can help your business get its inventory management right.
Business Lighthouse have been critical to the development of our Aboriginal community organisation since 2014 when we first opened our doors. The financial services support, expertise and advice we have received over the last five years has enabled us to flourish. We have really appreciated our relationships with their friendly staff who have always been approachable and committed to Willum Warrain's success.
.jpg)
Maddingley Montessori Centre appointed Business Lighthouse over 2 years ago as our Virtual Finance division. The team at Business Lighthouse are exceptional and no task is ever a problem, no matter how easy or complex the task.
We can't recommend Business Lighthouse highly enough - if you are a small business looking for an extremely efficient and trustworthy team to help you handle your accounts, business processes and cash flow, these are the guys for you.
It started with the integration of Xero with our inventory system Trade Gecko & our POS system Shopify and now they provide the full Virtual Finance Dept service for us, run our payroll, look after our quarterly BAS and lodge our annual returns.
PILOT real estate agents has had numerous accountants as we've gone about our business journey in two States. I haven't yet found an accountant team as nice, as highly effective or as honest as Business Lighthouse. We love working with them and suggest you might too.
Fill out an enquiry form and someone from our team will be in touch with you.
Business Lighthouse provides innovative solutions, with a client-centred approach, to help build local businesses into a force for social good. Yes there is a lot in that sentence. We understand that compliance is necessary however it is only one part of what we do to support businesses. We understand the importance of solid processes and systems to strengthen operations as well as the need to support your business strategy through comprehensive financial forecasting.
Organisations that carry inventory have more complex accounting requirements and need robust systems that account for stock on hand, stock in transit, prepaid stock, cost of goods sold, customer prepayments to name a few. They also need operational information such as production or procurement planning and warehouse solutions, And this is just for B2C (Business to Customer) business models. If you add Business to Business ie Wholesale- it can become even more complex). There are great systems that are available to small - medium sized businesses to handle the accounting and the processes. Learning to use them effectively and therefore access the right information is the key.
Our team of experienced finance professionals will take the stress and anxiety out of your bookkeeping and accounting.
