Ideally, your inventory purchases less your sales should equal your remaining inventory when you conduct a physical count. Few small-business owners find that this equation holds true in the real ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The Generally Accepted Accounting Principles, also known as GAAP, consist of a standard group of guidelines for financial accounting. Auditors follow GAAP when analyzing a company's accounting records ...