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Accounting
Terms

Inventory

Definition

Inventory is everything a business has on hand to sell or use in making products. It includes things like raw materials, items being worked on, and finished goods ready for customers. 

Why it matters

Inventory directly affects a business's ability to meet customer demand and manage costs. Having the right amount of stock ensures that customers can get what they want when they want it, which keeps them happy and coming back.

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Let Synder handle your sales, fees, and tax records with seamless automation, syncing directly to QuickBooks, Xero, or Sage Intacct.
  • Streamline sales management
  • Gather analytics from all sales channels
  • Be GAAP-compliant and avoid penalties
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