Calculating your ending inventory is a key part of managing any business. It’s the process of determining what goods you have in stock at the end of an accounting period, based on the products that were bought or sold during that period. When accurate calculations are made and tracked regularly, it enables businesses to effectively manage their supplies, accurately calculate their economic gains, and develop more effective planning strategies. So don’t underestimate the importance of staying on top of your company’s inventory – because those numbers can lead to greater profits down the line.