Inventory Accounting
Services That Bring Accuracy
to Your Costs & Margins
Gain accurate cost visibility with inventory accounting services developed for growing businesses. We align inventory movement, cost of goods sold (COGS), and financial reporting so your numbers reflect true product-level performance.
Finance Expertise Built for High-Growth Companies
Founded in 2016
Team of Controllers & Senior Accountants
Supported $100M+ in Capital Raised
Trusted by founders across SaaS, Ecommerce, & Retail.
Trusted By
Does Your COGS Actually Reflect What Your Inventory Costs?
Most businesses record inventory the easy way: cost of goods purchased minus what's left. But that approach misses freight, duties, shrinkage, and slow-moving stock, which means the margin on your P&L often isn't the margin you're actually making.
As inventory volume and complexity grow, that gap tends to show up as:
COGS misaligned with inventory movement
Inventory values inconsistent with financial records
SKU-level costing discrepancies
Limited product-level profitability visibility
Inventory adjustments missing from financial reports
Reporting disconnected from operational activity
What Are Inventory Accounting Services?
Inventory accounting services apply proper costing methodology, landed cost allocation, and reconciliation to how your business actually holds and moves inventory. 1116 Partners builds inventory accounting that ties cleanly to your general ledger, so the margins in your reporting match what's really happening on your shelves, or your 3PLs'.
Built for Businesses Managing Inventory at Scale
Growing Businesses
Multi-Channel Ecommerce Brands
Businesses Using Multiple Warehouses or 3PLs
Wholesale & B2B Distributors
Manufacturers & Private Label Brands
CPG & Consumer Products Brands
Venture-Backed Inventory Businesses
Our Inventory Accounting Services
Costing Method Implementation
Apply FIFO, LIFO, or weighted-average costing consistently, based on what fits your business and industry.
Obsolete & Slow-Moving Inventory Reserves
Establish reserves for aging stock so your balance sheet reflects what inventory is actually worth.
Multi-Warehouse & 3PL Reconciliation
Reconcile inventory across every warehouse, fulfillment center, or 3PL to a single, accurate balance.
Cycle Count & Physical Inventory Reconciliation
Reconcile periodic or annual physical counts against your accounting records and resolve variances.
Landed Cost Accounting
Allocate freight, duties, customs, and handling into unit cost, not just the vendor invoice price.
COGS-to-General Ledger Tie-Out
Ensure the cost of goods sold in your reporting matches what's actually recorded in your books.
Shrinkage & Write-Off Tracking
Record lost, damaged, or stolen inventory accurately instead of letting it quietly erode your margin.
Inventory Valuation & Reporting
Deliver accurate inventory valuation on your balance sheet, supported by clear supporting schedules.
Additional Finance & Accounting Support
Many clients pair Inventory Accounting Services with Ecommerce Accounting Services, Month-End Close Services, and Financial Reporting Services to build a complete, margin-accurate finance function.
How We Work
Why Businesses Outsource Inventory Accounting
Improve accuracy of inventory and COGS reporting
Gain visibility into true product-level margins
Reduce discrepancies between systems and financials
Support better pricing and purchasing decisions
Free internal teams from manual tracking
Build scalable inventory accounting processes
Why Businesses Partner With 1116 Partners
Costing Methods Set Up Correctly
Apply FIFO, LIFO, or weighted-average costing correctly and consistently.
Warehouse & 3PL Reconciliation
Match inventory balances across warehouses, fulfillment centers, and 3PL systems.
Clean Data for Reporting & Close
Prepare inventory data for month-end close, financial reporting, and controller review.
Inventory Accounting for Growing Product Companies
Multi-Channel
Ecommerce Brands
Consistent costing and COGS across every platform you sell on.
Wholesale & B2B
Distributors
Inventory accounting built for bulk purchasing and resale margins.
CPG & Consumer
Products Brands
Landed cost and shrinkage tracking across manufacturing and retail.
Businesses
Using 3PLs
Reconciliation across every fulfillment partner and warehouse location.
Landed Costs Built Into COGS
Factor freight, duties, customs, and handling into unit cost for more accurate margins.
COGS That Matches the Books
Keep inventory value, COGS, and gross margin aligned with your accounting records.
Inventory Accounting That Scales
Support more SKUs, warehouses, and transaction volume without rebuilding the process.
Additional Finance & Accounting Support
Ecommerce Accounting Services
Shopify Accounting Services
Amazon Seller Accounting Services
Month-End Close Services
Financial Reporting
Fractional Controller Services
Frequently Asked Questions
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FIFO assumes the oldest inventory sells first, LIFO assumes the newest sells first, and weighted-average blends cost across all units on hand. The right method depends on your industry, inventory type, and tax considerations.
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Freight, customs, duties, and handling are allocated into unit cost rather than expensed separately, so your COGS reflects what inventory actually costs to bring in.
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Shrinkage from loss, damage, or theft is recorded as a write-off against inventory value, rather than left unaccounted for until a physical count reveals the gap.
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This usually happens when landed costs, shrinkage, or inconsistent costing methods aren't factored into COGS, causing reported margin to differ from what's actually happening in the business.
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Yes. We reconcile inventory data across every warehouse, fulfillment center, or 3PL to a single, accurate balance in your books.
Speak With the 1116 Team
Whether you're evaluating a new accounting partner or simply looking to improve your financial operations, we'd be happy to learn about your business and determine whether we're the right fit.
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