Is Craftybase GAAP compliant?

GAAP (generally accepted accounting principles) is a collection of commonly-followed accounting rules and standards for financial reporting.

Craftybase is a perpetual inventory tracking application and as thus uses industry standard GAAP calculations for inventory and COGS.

More information about how our calculations can be found here: How does Craftybase calculate my COGS?

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.