Having accurate costs per product is crucial for businesses as it ensures accurate profitability analysis, informed pricing decisions, and improved financial management, ultimately paving the way for sustainable growth and success.

Over the past year, we’ve helped Caroline Z Hurley consolidate product data with a simple, but highly effective costing system, which enabled precise inventory valuation, accurate invoicing, and informed financial decision-making. Below you can see a general approach that you could use in your business.