{"id":7899,"date":"2025-11-07T08:17:14","date_gmt":"2025-11-07T08:17:14","guid":{"rendered":"https:\/\/margbooks.com\/blogs\/?p=7899"},"modified":"2025-11-07T08:17:19","modified_gmt":"2025-11-07T08:17:19","slug":"businesses-use-the-change-in-inventory-formula-during-audits","status":"publish","type":"post","link":"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/","title":{"rendered":"Why Do Businesses Use the Change in Inventory Formula During Audits?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1c6e70;color:#1c6e70\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1c6e70;color:#1c6e70\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#What_Is_the_Change_in_Inventory_Formula\" title=\"What Is the Change in Inventory Formula?\">What Is the Change in Inventory Formula?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Key_Elements_Involved_in_the_Calculation\" title=\"Key Elements Involved in the Calculation\">Key Elements Involved in the Calculation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Why_the_Formula_Is_Essential_During_Audits\" title=\"Why the Formula Is Essential During Audits?\">Why the Formula Is Essential During Audits?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Detecting_Stock_Discrepancies\" title=\"Detecting Stock Discrepancies\">Detecting Stock Discrepancies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Ensuring_GST_Compliance\" title=\"Ensuring GST Compliance\">Ensuring GST Compliance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Steps_to_Calculate_the_Change_in_Inventory_Accurately\" title=\"Steps to Calculate the Change in Inventory Accurately\">Steps to Calculate the Change in Inventory Accurately<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Step_1_Establish_Opening_Stock_Value\" title=\"Step 1: Establish Opening Stock Value\">Step 1: Establish Opening Stock Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Step_2_Record_All_Purchases_Carefully\" title=\"Step 2: Record All Purchases Carefully\">Step 2: Record All Purchases Carefully<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Step_3_Conduct_Physical_Stock_Verification\" title=\"Step 3: Conduct Physical Stock Verification\">Step 3: Conduct Physical Stock Verification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Step_4_Value_Your_Closing_Stock\" title=\"Step 4: Value Your Closing Stock\">Step 4: Value Your Closing Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Step_5_Apply_the_Formula\" title=\"Step 5: Apply the Formula\">Step 5: Apply the Formula<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Common_Mistakes_Businesses_Make_During_Audit_Reconciliation\" title=\"Common Mistakes Businesses Make During Audit Reconciliation\">Common Mistakes Businesses Make During Audit Reconciliation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Ignoring_Indirect_Costs_in_Purchases\" title=\"Ignoring Indirect Costs in Purchases\">Ignoring Indirect Costs in Purchases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Inconsistent_Valuation_Methods\" title=\"Inconsistent Valuation Methods\">Inconsistent Valuation Methods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Failing_to_Account_for_Stock_Movements_Between_Locations\" title=\"Failing to Account for Stock Movements Between Locations\">Failing to Account for Stock Movements Between Locations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Overlooking_Inventory_Software_Limitations\" title=\"Overlooking Inventory Software Limitations\">Overlooking Inventory Software Limitations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#How_MargBooks_Software_Helps_Indian_Businesses\" title=\"How MargBooks Software Helps Indian Businesses?\">How MargBooks Software Helps Indian Businesses?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Real-Time_Inventory_Tracking\" title=\"Real-Time Inventory Tracking\">Real-Time Inventory Tracking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Integration_with_GST_Billing\" title=\"Integration with GST Billing\">Integration with GST Billing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/margbooks.com\/blogs\/businesses-use-the-change-in-inventory-formula-during-audits\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Sometimes one of the first questions your auditors ask you is what your stock is worth. The Change in Inventory formula provides the mathematical foundation of validating this crucial number. It&#8217;s simple as it computes the difference between the initial amount and its final value at the final date after subtracting the purchases and adding the sales on the date of calculation.&nbsp;<\/p>\n\n\n\n<p>If you don&#8217;t do this calculation, the reconciliation of accounts is madness. The implications put into this are not just reserved for accountants as business owners that could grasp this concept are able to identify errors prior to an auditor and keep their financial records cleaner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_the_Change_in_Inventory_Formula\"><\/span><strong>What Is the Change in Inventory Formula?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Change in inventory formula is straightforward: Opening Stock + Purchases &#8211; Closing Stock = Cost of Goods Sold (COGS). This simple equation tells you exactly how much inventory flowed through your business during a specific period.<\/p>\n\n\n\n<p>Let&#8217;s say a pharmaceutical distributor in Maharashtra starts January with stock worth \u20b950 lakh. During the month, they purchase \u20b940 lakh of medicines. By January end, their closing stock is valued at \u20b955 lakh. The change in inventory is \u20b950 + \u20b940 &#8211; \u20b955 = \u20b935 lakh. This \u20b935 lakh represents the cost of goods sold.<\/p>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Online Inventory Management Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Elements_Involved_in_the_Calculation\"><\/span><strong>Key Elements Involved in the Calculation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After knowing each part, you can determine the Change in inventory formula in the right way:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Opening Stock: The value of the inventory on the beginning of the financial year or accounting period. This is the difference between your previous closing stock.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchases: All inventory received during the period for utilization in the accounting period including the raw materials, work in progress (WIP), and finished goods (FG).<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Closing Stock: Inventory that remains at the end of period Physics can be correctly counted and found its value.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost of Goods Sold (COGS): This is the bottom line of the income statement, composed of the total cost of inventory sold during a period.<\/li>\n<\/ul>\n\n\n\n<p>Since each element contributes to the overall figure assessed by the auditor, any lack of accuracy therein will have a direct impact on the final decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Formula_Is_Essential_During_Audits\"><\/span><strong>Why the Formula Is Essential During Audits?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When an auditor reviews your books, he or she is looking for discrepancies. The Change in inventory formula is used as a verification formula. If the COGS equals the calculated change of inventory then the auditor has confidence your accounts are valid.<\/p>\n\n\n\n<p>Take an example of a garment manufacturer at Tiruppur. Their profit and loss account indicates CGS of \u20b92 crore. The auditor uses the formula Change in inventory = Opening stock (\u20b940 lakh) + Purchased (\u20b93 Crore) &#8211; Closing stock ([\u20b9 80 Lakh)) = \u20b92.60 Crore. There&#8217;s a discrepancy. This leads to further investigation and in most cases reveals hidden purchases or unrecorded inventory that was not physically verified.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Detecting_Stock_Discrepancies\"><\/span><strong>Detecting Stock Discrepancies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Recorded numbers are not at all times the same as the physical stocks. Gaps are caused by theft, wastage, obsolescence, and data entry errors. These gaps are immediately apparent in the Change in inventory formula.<\/p>\n\n\n\n<p>One of the product strengths of a retail chain in Bangalore has stocked 500 units, despite the books recording 600 units. This variance is 100 units and auditors will be able to see it when they calculate the formula.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ensuring_GST_Compliance\"><\/span><strong>Ensuring GST Compliance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Inventory valuation impacts respect to your Goods and Services Tax (GST) returns. Auditors use the Change in inventory formula to ensure that the value of your inventory under <a href=\"https:\/\/margbooks.com\/gst-billing-software.html\">GST billing software<\/a> integration with your inventory.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Calculate_the_Change_in_Inventory_Accurately\"><\/span><strong>Steps to Calculate the Change in Inventory Accurately<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_1_Establish_Opening_Stock_Value\"><\/span><strong>Step 1: Establish Opening Stock Value<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Start with current closing stock of previous period. Make sure it&#8217;s valued at price or market price whichever is less. This is the opening stock at the end of the current period.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_2_Record_All_Purchases_Carefully\"><\/span><strong>Step 2: Record All Purchases Carefully<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Document every purchase. Use invoice cost, freight, and any other cost that is directly linked to inventory. Too many businesses make a mistake here by failing to include indirect expenses that should be capitalized.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_3_Conduct_Physical_Stock_Verification\"><\/span><strong>Step 3: Conduct Physical Stock Verification<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Take a physical count of all your inventory. Compare number of visits to your records. This step is required for the purpose of audits. Stock that is damaged, obsolete or unsaleable must be separate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_4_Value_Your_Closing_Stock\"><\/span><strong>Step 4: Value Your Closing Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Use proper valuation FIFO, LIFO or weighted average cost. Be consistent year-over-year. Inconsistency is an alarm to an auditor. Value stock closing at cost or market price, whichever is less.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_5_Apply_the_Formula\"><\/span><strong>Step 5: Apply the Formula<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now you have all components. Inventory Balance = New Balance = Opening Stock + Purchases &#8211; Closing Stock + Change in Inventory This amount should be equal to your COGS item in your profit and loss statement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_Businesses_Make_During_Audit_Reconciliation\"><\/span><strong>Common Mistakes Businesses Make During Audit Reconciliation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ignoring_Indirect_Costs_in_Purchases\"><\/span><strong>Ignoring Indirect Costs in Purchases<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many businesses only write down the price of the invoice as purchase cost. Costs for freight, insurance, import duties and warehouse fees are also added. These raise the unit cost and alter the final calculation of Change in inventory formula.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Inconsistent_Valuation_Methods\"><\/span><strong>Inconsistent Valuation Methods<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Changing the method of inventory accounting from FIFO to LIFO mid-year not only baffles auditors, but it also misrepresents the formula&#8217;s output as well. Do not allow yourself to adopt different methods without reasons (and documentation).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Failing_to_Account_for_Stock_Movements_Between_Locations\"><\/span><strong>Failing to Account for Stock Movements Between Locations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you are multi branch retailer, transfers between stores are not sales. However, when records are not maintained properly they are treated as purchases or sales thereby distorting the Change in inventory formula.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overlooking_Inventory_Software_Limitations\"><\/span><strong>Overlooking Inventory Software Limitations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our <a href=\"https:\/\/margbooks.com\/inventory-management-software.html\">Inventory software<\/a> may not record real-time inventory movements. Differences between the software data and the physical counts necessitate auditor digging. These gaps are automatically identified by modern systems.<\/p>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Cloud-Based Accounting Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_MargBooks_Software_Helps_Indian_Businesses\"><\/span><strong>How MargBooks Software Helps Indian Businesses?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MargBooks software is created specifically for Indian Companies requiring inventory and audit handling. Here&#8217;s how this makes the process easier:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real-Time_Inventory_Tracking\"><\/span><strong>Real-Time Inventory Tracking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MargBooks software records all movements of inventory immediately. With closing stock and inventory system, the system will update opening stock, purchase, and closing stock automatically when goods are received, sold or transferred. This real-time information ensures that your equation of Change in Inventory data is derived on the basis of regular numbers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Integration_with_GST_Billing\"><\/span><strong>Integration with GST Billing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our MargBooks software produces complete stock registers, purchase lists and closing values of stock. Auditors are presented with structured and easy to follow records, instead of scattered spreadsheets. This saves a lot of audit time and increases audit confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Change in inventory formula is much more than an accounting formula. It is your financial truth checker. Indian manufacturing, distribution and retail businesses use this formula to reconcile books with reality. Making errors in calculating the Change in inventory equation may result in having compliance issues, audit disputes, and even tax penalties.&nbsp;<\/p>\n\n\n\n<p>Our <a href=\"https:\/\/margbooks.com\/\">MargBooks software<\/a> gives power to business to track precisely the movement of inventory and to generate automatically auditable reports. Whether you&#8217;re a small trader or a mid-sized manufacturer, taking control of the Change in inventory formula changes the way you handle audits and build confidence amongst your stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes one of the first questions your auditors ask you is what your stock is worth. The Change in Inventory formula provides the mathematical foundation of validating this crucial number. It&#8217;s simple as it computes the difference between the initial amount and its final value at the final date after subtracting the purchases and adding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7900,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[921],"tags":[57,86,2347,54,201],"class_list":["post-7899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inventory","tag-cloud-based-accounting-software","tag-gst-billing-software","tag-inventory-management-software-for-free","tag-online-accounting-software","tag-online-billing-software"],"blocksy_meta":[],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-150x150.jpg",150,150,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula.jpg",1200,576,false]},"categories_names":{"921":{"name":"Inventory","link":"https:\/\/margbooks.com\/blogs\/category\/inventory\/"}},"tags_names":{"57":{"name":"cloud based accounting software","link":"https:\/\/margbooks.com\/blogs\/tag\/cloud-based-accounting-software\/"},"86":{"name":"gst billing software","link":"https:\/\/margbooks.com\/blogs\/tag\/gst-billing-software\/"},"2347":{"name":"Inventory Management Software for Free","link":"https:\/\/margbooks.com\/blogs\/tag\/inventory-management-software-for-free\/"},"54":{"name":"online accounting software","link":"https:\/\/margbooks.com\/blogs\/tag\/online-accounting-software\/"},"201":{"name":"online billing software","link":"https:\/\/margbooks.com\/blogs\/tag\/online-billing-software\/"}},"comments_number":"0","wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-400x576.jpg",400,576,true],"cvmm-medium-square":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-600x576.jpg",600,576,true],"cvmm-large":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-1024x576.jpg",1024,576,true],"cvmm-small":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula-130x95.jpg",130,95,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2025\/11\/Change-in-inventory-formula.jpg",1200,576,false]},"_links":{"self":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/7899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/comments?post=7899"}],"version-history":[{"count":1,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/7899\/revisions"}],"predecessor-version":[{"id":7901,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/7899\/revisions\/7901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media\/7900"}],"wp:attachment":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media?parent=7899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/categories?post=7899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/tags?post=7899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}