Check out our Markup vs. Margin video

Posted by Thomas Wong

One of the most popular articles on the inFlow blog discussed Margin vs. Markup. The difference between margin and markup is something that a lot of other small businesses have asked about, and although we try to keep explanations simple, not everyone learns in the same way (fair enough!). Some people really are readers and prefer […]

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Periodic inventory vs perpetual inventory

Periodic vs. perpetual inventory

Posted by Thomas Wong

There are two methods for tracking and accounting for your products: the periodic and perpetual inventory systems. The periodic system is easier to start out with because it is less complex, but we’d suggest the perpetual inventory system for all but the smallest of businesses. It’s a more accurate system for your business to grow […]

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Turn markup into margin

How to convert markup into margin

Posted by Thomas Wong

If you’re looking for a quick, straightforward way to convert markup into margin, this is it. We’ve written about the markup formula and the margin formula before, but our previous post was specifically for calculating these numbers when you  already had the price and cost of that particular product. But a few readers contacted us with […]

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QuickBooks inventory - Drawing of an inFlow car being helped along by QuickBooks

Manage QuickBooks inventory with inFlow Cloud

Posted by Thomas Wong

If you’re a QuickBooks Online (QBO) user, you’ve probably found its inventory management features lacking. That’s okay because QBO is an accounting app first and foremost, and inventory tracking is really one of its sub-features in the higher-end Plus plan. The Quickbooks Plus plan can help you with simple product-tracking setups, like buying goods and […]

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A stack of invoices

Does inFlow replace small business accounting apps?

Posted by Thomas Wong

We’ve had a lot of users ask if they can use inFlow instead of small business accounting software. The quick answer is that inFlow Cloud is focused on inventory control and order tracking, but they do have features to help you keep on top of your finances. The more nuanced answer is that we don’t think […]

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