A method used to continually track and monitor the quantity on hand and value of inventory as adjusted for sales, returns, and receipts. When using a retail management system, perpetual inventory is continually adjusted for receipts, returns and sales – so that real-time inventory reports can be generated.
« Back to Glossary IndexCategories
Recent Posts
- MicroBiz Named 2021 Best Salon POS Software December 9, 2020
- COVID Pandemic’s Impact on Contactless Payments August 5, 2020
- MicroBiz POS President to Participate RSPA Academy Online Symposium on Aug. 26-27 August 4, 2020
- MicroBiz Partners with POS Portal to Sell and Support POS Hardware May 15, 2019
- MicroBiz President to Present at Software Executive Executive Forum July 7, 2018