With all of the  inventory management functionality programmed into Free Accounting software, It might be possible that it should be called Small Business Inventory Management Software instead of Free Accounting! As a business owner or manager you know how complex managing inventory can be and you know how important inventory management is.  Proper Inventory Management is the key to running a successful business.  The built in inventory management functionality in Free Accounting is perfect for managing most small business Inventory software needs. The inventory software functions are intuitive and robust. You can select from FIFO, LIFO and AVERAGE cost inventory costing methods.  Free Accounting software will automatically track and calculate the cost of each item keeping your books in balance.

If your business deals in purchasing and selling physical and non-physical inventory then Free Accounting Software's Inventory Management  functionality may be a perfect small business inventory software solution for you. Free Accounting Software's Inventory Management  features are scaled to accommodate the most common small business inventory needs. We know that proper management of inventory is the life, or death, of a small business. Free Accounting Software takes inventory software management seriously.

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The inventory management functionality starts with the ability to define and nest product groups. Properly defining your inventory items relationships in your Inventory Management Software allows you to better track and control related inventory items. Free Accounting Software's Inventory Management  product groups allow you to easily categorize your inventory according to your needs. In Free Accounting Software's inventory groups can be nested as many levels deep as you require. The following example shows how you could easily soft and classify inventory items using FA Small Business Inventory Software, that would fall under the category of BAG:

Without getting into all of the considerations surrounding stocking, sales and classifications of bags you can easily see that Free Accounting Software's Inventory Management  has the ability to sort items based on their inventory classification and that classification can vary by inventory product group in Free Accounting Software. The subclass for one inventory class, like paper bags, is different than the inventory sub classification of plastic bags. Free Accounting Software's Inventory Management functions allow you to define the inventory classes as many levels deep as you require. Irregardless of how many levels you define in Free Accounting Software you would still, at the primary level, consider the items in both inventory classes as belonging to the primary inventory classification bags.

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We realize that every business is unique. With Free Accounting Software's Inventory Management we provide you the ability to create custom fields. Custom fields for your inventory can be extremely powerful. Inventory items contain many characteristics that software developers may not be aware of. If your inventory has special requirements Free Accounting Software's Inventory Management features allow you to create additional fields to store the information you need for your inventory items. In future versions of FA Small Business Inventory Software you will also be able to display these values in your items lists and use them on Free Accounting Software's Inventory Management reports. This will put a lot of power behind Free Accounting Software's Inventory Management functionality.

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Many inventory items require multiple units of measure. With Free Accounting Software's Inventory Management functions you can define as many units of measure required and define the relationships of those units of measure by inventory item. In addition you can define purchase, sell and stock units of measure in Free Accounting Software. With these specific inventory units of measure you can be sure that stock will be pulled correctly and inventory sales and purchases will be handled correctly in right units of measure every time. This is just another way that Free Accounting Software's Inventory Management functionality makes your inventory management and tracking easier. One customer can buy product by the CASE in Free Accounting Software while another customer can purchase the same item by the EACH, and Free Accounting Software's invoices and purchase orders can reflect the desired unit of measure.