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Alan Friedman, CPA, provides accounting and financial services to music industry clients. He is a frequent speaker at NAMM University seminars. His columns address the various financial issues of running a music products dealership.
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FEBRUARY 2006
Doing Inventory at 50
‘Even as a music store incurs operating losses and negative cash flow, it has the ability to conceal its forthcoming demise by stalling vendor payments.’
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MAY 2006
Radio Gaga About Buying
‘What music retailers need to realize is they’ve only gotten a great deal on their inventory when they sell it, not when they’ve bought it.’
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JUNE 2006
Won’t Get Fooled Again
Getting in tune with the straight and narrow through inventory accuracy
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JULY 2006
I Need a Shrink for My Shrink
Calculating the true cost of inventory shrinkage on a music products retailer
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AUGUST 2006
Let’s Get Physical
Physical inventories at year end don’t have to be a pain in the rear end
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OCTOBER 2006
Inventory Valuation: A Moving Target
Tracking inventory worth and its impact on profits and taxes
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NOVEMBER 2006
Retail Vs. Rental Inventory
Understanding the valuation differences between inventory for sale and for rent
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