When you're doing shopify inventory, and value accounting properly, you gain a number of insights that can both save your business money and increase profits. There are a few ways to do it and they don't all involve physically counting. Every single item covers the different weights and values of your inventory, including average cost methods and two different inventory management instances periodic and perpetual we're not giving tax advice. It's always best to speak with a qualified advisor.
If you have specific questions or if you want to change how you manage your inventory, of course, you want to know how much inventory or stock you had on hand, but the bookends of inventory accounting or what each item costs you and the price that you sell are sold each item for at it is.