DIFFERENCE BETWEEN PERIODIC AND PERPETUAL INVENTORY SYSTEM

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 Hello All,

The moment I saw my bookkeeper working on the inventory, I was amazed. I wanted to know everything about the system being used as I had not used a digital system for this purpose earlier. He told me that inventory management could be done in two ways – periodic and perpetual. While the periodic inventory management system required physically doing the stocktake after every few months or at the end of the year, perpetual needed a computer system to update all the transactions at the unit level in real-time. There are several other differences between the two systems, and here is an article that will clear all your doubts.


https://www.agibookkeeping.com.au/difference-between-periodic-or-perpetual-inventory-system/



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