What does Periodic Inventory System mean?
A method of accounting for inventory that updates the inventory balance and cost of goods sold only at the end of an accounting period based on a physical count.
A small business might use a Periodic Inventory System, counting its stock physically at the end of each month.
Periodic Inventory System in German, French, Spanish and Italian
GermanPeriodische Inventur
Bestandsaufnahme nur zu festgelegten Zeitpunkten (meist Stichtag).
FrenchSystème d'inventaire périodique
Système où les stocks ne sont comptabilisés qu'à la fin de l'exercice.
SpanishSistema de inventario periódico
Control de existencias que requiere un conteo físico al final del periodo.
ItalianSistema di inventario periodico
Metodo che rileva le rimanenze solo al termine del periodo amministrativo.
Synonyms and opposites for Periodic Inventory System
- Synonym Intermittent inventory
- Opposite Perpetual inventory system