Inventory, cogs and stock tracking help for handmade sellers.
As Craftybase is a perpetual inventory system, your material unit prices are continuously recalculated based on the purchases, manufactures and adjustments you make through the year. So how do we do this exactly? This post is the first in a series that aims to demystify some of the calculations we make in order to provide you with your inventory totals.
The big end of year (EOY) inventory count fills most handmade sellers with dread and anxiety. As it can take weeks to account for every button, clasp and sq inch of fabric, for small self employed businesses this means effectively closing their business during stocktake time.