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Audit Your Inventory With Your Process Cycles Different businesses audit their inventory at different frequencies. If you have a big enough warehouse, auditing your inventory once a month or even once a year may be sufficient. We recommend auditing categories at different frequencies according to your process cycles.
These deadlines shouldn’t be missed because you risk paying fines or paying more in taxes—not to mention you invite a time-consuming business audit. Your bookkeeper should be aware of deadlines and file all necessary paperwork within the given period. Don’t settle for an average bookkeeper.
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