QuickBooks is designed to be a simple accounting and bookkeeping software suite. In the spirit of simplicity, it limits decisions that are within the Generally Accepted Accounting Principles.

Tracking inventory seems like a daunting task for your small business. Nevertheless, it's important to know what you spend on inventory to price it accurately and ensure you are making a profit. When ...

Wondering about FIFO vs LIFO? Learn about the two inventory valuation methods and which one is best for you. There is more to inventory valuation than simply entering the amount you pay for your ...