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The nature of charitable giving has changed, and there are four primary reasons for this:

• Technology has made it not only easier to give to charities, but to know about charities and how efficiently they perform.
• Changes in the U.S. tax code have created a disincentive for giving, especially for those who gave strictly for purposes of a tax deduction.
• The rise of Donor Advised Funds (DAF) has made it easier for donors to contribute meaningfully to a cause.
• Concerns for transparency and organizational efficiency have driven the need for increased disclosure and external oversight.

For many companies, keeping close tabs on revenue, expenses, and profit is the number one priority. However, companies that carry inventory may not realize its direct effect on profitability.  This effect is known as shrinkage.  Shrinkage is the excess amount of inventory (in accounting records) that no longer exists in the actual inventory. In other words, it is a loss of inventory. There are several causes of shrinkage, such as:

By Chris Valponi, APR