Inventory counting methods definitely isn’t the most scintillating topic in business, but it is an important one! Inventory counting is the process of taking stock of a company’s physical inventory to assure accuracy and to have an understanding of which materials are in stock and which need to be ordered. There are two main types of inventory counting methods: periodic and perpetual. Periodic inventory counting involves counting your entire inventory all at once, typically at the end of every month or accounting period, while perpetual inventory counting is done continually as new items come into the store or old ones leave. Both methods ensure accuracy and allow for better forecasting and planning when ordering stock, helping businesses stay efficient and profitable.