Inventory Accounting is an important service of financial systems. Thuriam inventory accounting services benefits:
Efficient accumulated inventory costs, summarized accounts, and standard journal entries used to record transactions
increase the efficiency of inventory-tracking and costing functions
Install unique controls to combat inventory fraud
checklist of activities for inventory counting procedures
Save time researching various GAAP reference manuals
Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems
Thuriam will properly and accurately establish inventory criteria into management system (long and short descriptions, quantities, re-order and freeze points, special instructions, etc.)
Report on all inventory activity - quantities ordered, when and by whom