Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

The perpetual inventory system has several advantages over a periodic system for businesses of all sizes. In a business using the periodic inventory method, purchases are recorded throughout the year ...

The perpetual inventory system controls inventory in order to both protect it from theft and damage and report it in the balance sheet as an asset that impacts net income. When the inventory is sold ...