RitzyToo! April-May 2015 | Page 14

And the most important reason of all for keeping track of inventory is because it is mandatory if you are an established business and file a tax return. You must know the starting and ending inventory – parts and finished pieces - each year and the cost of goods sold. You don’t want to mess with the IRS! JDM can help you keep track of part and finished piece inventory. It will automatically remove parts from inventory used to make each jewelry piece and update finish piece inventory. There are many reports to help you with part purchase history and reordering, inventory, and sales. You can even print labels for your part storage containers and jewelry pieces. JDM will help 14| April-May | RitzyToo! | RitzyToo.com