What is a home business inventory?
Do you assemble computers, radios, GPS systems, or other gadgets at home for clients? Do you paint pictures or throw pottery or sew doll clothes or make jewelry or do other craftwork at home to sell at fairs? Do you assemble product at home as an independent contractor for a manufacturer? These are examples of activities which require you to keep a home business inventory.
1. a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods on hand, etc., made each year by a business concern.
2. the objects or items represented on such a list, as a merchant's stock of goods.
3. the aggregate value of a stock of goods.
Dictionary.com Unabridged (v 1.1). Retrieved September 11, 2008, from Dictionary.com website: http://dictionary.reference.com/browse/inventory