• Understanding what an inventory item is
• Learning to track inventory
• How to use subitems
• Doing an inventory count
Accurately keeping track of the inventory items that you sell is no easy task. In fact, for many businesses, the warehouse can be a source of frustration and erroneous information. (The term “warehouse” is used generically here to indicate the place where you store inventory, but it may be your basement or garage instead of a real warehouse.) This chapter covers how to set up and make adjustments to your inventory. You learned how to purchase, receive, and manage your inventory in Chapter 6.