There are a lot of numbers to keep track of in any sized retail business - including nano and micro retailers - and all numbers seem to relate to each other. Some numbers are used and looked at on a daily basis and others on a less frequent basis. The balance sheet contains numbers that are looked at less frequently and yet, it needs to be as upto date as possible. This Nanocast™explains what a balance sheet is and what is in it.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.