Beginning inventory is a metric that helps you evaluate demand, check in on how you’re managing inventory, and plan for tax deductions. As such, being able to calculate beginning inventory and understand what this number means for the health of your business is essential.
Learn more about beginning inventory, how to use the beginning inventory formula, and what it means for your business’s finances in this post. If you’re still getting the hang of inventory management, we recommend taking the time to read through the entire guide.