Perpetual inventory

(redirected from Perpetual Inventories)
Also found in: Dictionary, Wikipedia.

Perpetual inventory

Recordkeeping system in which book inventory is updated daily.

Perpetual Inventory

A standard of accounting inventory on a daily basis, as opposed to a weekly or monthly basis. At the end of a day, a company using perpetual inventory changes the inventory that appears on its records to reflect the most current amount. This can be inconvenient to count, but allows the company to constantly maintain accurate data.
References in periodicals archive ?
It may even be considered a change in accounting in itself, but as perpetual inventories become more sophisticated and increasing pressures to improve productivity continue, some taxpayers may find the concept worth testing.
The combined solution can help grocery retailers address their critical needs by combining advanced store-level forecasts with true Perpetual Inventories.
Also, the Company intends to utilize independent inventory services to establish perpetual inventories in all stores by October 2002.
Full browser ?