How to manage inventory: FIFO, LIFO, AVCO | Small Business Guides | Xero

Learning how to manage inventory is an important part of running a business. Managing inventory (also known as stock) properly includes choosing an inventory valuation method; this video gives an overview of the first-in-first-out (FIFO), last-in-first-out (LIFO), and average cost (AVCO) methods. You’ll also learn the difference between periodic and perpetual inventory management systems. Ready to get started with managing inventory? Start here! Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook:   / xero.accounting   Follow us on Instagram:   / xero   Follow us on Twitter:   / xero   Follow us on LinkedIn:   / xero   Subscribe to our Youtube Channel here:    / xeroonlineaccounting   For Xero product support please visit: https://www.xero.com/support