Understanding LIFO Accounting for the Food and Beverage Industry

On this inaugural episode of Insights À La Carte, an EisnerAmper Food and Beverage Podcast, Rich Colloca, Partner and the firm's National Food and Beverage Practice Leader, and Kevin Nardone, Director in the firm's Private Client Services Group, are joined by Bob Richardson, Vice President of LIFO-PRO. The three cover the basics of last-in, first- out (“LIFO”) accounting and the real-world benefits and tax implications food and beverage businesses leaders need to know about this method.