Accounting for Inventory

Master the art of managing your money and inventory with “Understanding Inventory and the Collection Cycle.” This course helps business owners see how inventory ties directly to cash flow, profitability, and financial health. You’ll learn how inventory moves through your balance sheet and income statement, how to calculate key metrics like Days Inventory Outstanding (DIO) and Inventory Turnover Rate, and how to strike the right balance between too much and too little stock. With clear examples and practical strategies, you’ll discover how to free up cash, improve sales efficiency, and make smarter purchasing decisions. Whether you sell products or manage inventory-heavy operations, this course equips you to keep your business running smoothly and profitably.