Moving average

Moving average formula for calculating cost

Posted by Thomas Wong

The moving average formula is a solid choice for ensuring your costs are always up to date. Costing methods are important to nail down because, given the same stock levels and purchase prices, each method can report very different levels of profit and cost of goods sold (COGS). We’ve already talked about FIFO (First in […]

Continue reading
Create your own barcodes

How to create barcodes

Posted by Thomas Wong

We definitely recommend using a barcode system to help track and speed up your business. But the question is: should you create your own custom codes, or register them with GS1? This article explores some pros and cons to each approach.

Continue reading
What is drop shipping anyway?

What is drop shipping, anyway?

Posted by Thomas Wong

It won’t be obvious to your customers, but drop shipping is a completely different way of fulfilling orders that relies a lot more on your vendors. This article quickly reviews the traditional retail fulfillment model and compares it to how drop shipments work.

Continue reading