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Beginning Inventory Calculator

The Beginning Inventory Calculator allows you to calculate the value of all inventory held at the start of the accounting period, this represents thevalue of stock/goods that can be used to generate revenue via sales for the period used.

Beginning Inventory Calculator
Cost of goods sold
Purchases
Ending inventory
Beginning Inventory Calculator Results
Beginning inventory

Why do I need to know the Beginning Inventory?

Calculating the Beginning Inventory allows you to identify / confirm inventory change for defined accounting periods to understand shifts in stock inventory on specific lines which in turn:

  • Identifies any lost stock (breakages, pilfering, damages, unaccounted returns, poor inventory management).
  • Increases / decreases in specific products / lines, particularly useful for ensuring sufficient stock to meet customer demand (see Available to Promise for more information).
  • Supply Chain issues (Push / Pull Available To Promise (ATP) process / execution problems)
  • Inventory Management process issues (unnecessary delays in accounting for returns / processing data for stock control etc.
  • Internal Audit - drives good internal process practice and helps to identify, resolve and sustain good business accounting/business process procedure

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