Leslie: I would have to agree with you Leslie, the perpetual inventory system is a pretty effective system to use in the control of inventory, and with today's technology this system has been made easier to use. For smaller companies the periodic inventory system might still be the way to go, because it would require less manpower because it relies basically on a physical inventory count at the end of the accounting period. What confuses me a little about the periodic inventory, is how a business would be able to figure out what their actual inventory is at a specific time, to ensure there is enough inventory on hand to meet the customer needs, or not order any additional inventory because there is enough on hand. The perpetual inventory
