Lightspeed(LSPD)

Managing inventory is a balancing act for growing businesses, especially those with multiple locations. When products lose value or can’t be sold, it’s not just frustrating—it directly affects profits and disrupts operations. That’s where inventory management software comes in. An inventory write-off isn’t just another line on your books—it’s a reality check. Whether caused by damage, […]

Inventory prices aren’t static, and their value can change depending on several factors in the market. When inventory values go down, businesses need to adjust their financial records to reflect the true worth of their stock. This is where inventory write-downs come in. For retailers, write-downs aren’t unusual. Stock spread across multiple locations or channels […]

Recordkeeping is an essential part of running a smooth business. Learn what you need to know about employee record retention requirements.

Learn how ending inventory impacts your business and boost profitability. Make smarter business decisions with inventory tracking strategies.

Getting up to speed with key retail costs can be the difference between growing and grinding to a halt. Enter your Cost of Goods Sold. For anyone planning to start a new retail business, this article will give you a primer on Cost of Goods Sold (COGS). With the help of industry experts, we’ll answer […]

Technology has changed the way we shop forever. When we can buy whatever we want, wherever we are, with the click of a button. The idea of the retail store’s purpose has also changed. While it once existed strictly as a place to transact changes, retail stores have started leveraging experiences to customers rather than […]

Back to school is one of the biggest sales periods of the year for retailers. Sales for both back to school and back to college have steadily increased over the last few years, and 2026 looks to be no exception. That means a spending blitz is set to happen. Have you planned how you’re going […]

How does your choice between FIFO vs. LIFO impact your business’s financial health? Inventory valuation is more than just an accounting requirement—it directly influences your cost of goods sold (COGS), tax liabilities and profit margins. Choosing the right valuation method can shape key business decisions and financial outcomes, guiding smarter purchasing and inventory management strategies. […]

Running a growing business across multiple locations means keeping operations smooth and efficient. Fulfilling orders quickly, maintaining accurate inventory and creating streamlined workflows all depend on how well your warehouse is organized. That’s where warehouse slotting steps in. Warehouse slotting assigns products to the best possible locations within your storage space. It’s about matching items […]

Cycle stock, the portion of your stock set aside specifically to meet regular demand during a defined period, is a key part of managing inventory for retail and hospitality businesses. Without it, businesses can face stockouts, operational inefficiencies and unhappy customers—a scenario no retailer wants. For businesses with multiple locations or sales channels, keeping inventory […]

Tablet ePOS systems are transforming how businesses manage stock. They add mobility and speed to everyday tasks, making inventory management more efficient and accurate. For retailers operating multiple locations or scaling quickly, having the right tools in place is essential. Many businesses choose cost-effective tablet ePOS systems because they offer the flexibility needed to support […]