LIFO-PRO, Inc. | The LIFO Experts
LIFO-PRO, Inc. provides LIFO calculation services & markets LIFO calculation software
LIFO-PRO provides LIFO calculation, consulting and auditing services to corporations and CPA firms. We are the developers of the LIFO-PRO software; we sell and commercially license the LIFO-PRO software to corporations and CPA firms. We also provide support for the LIFO-PRO software in-house.
Our software is the only comprehensive, commercially available non-auto dealer LIFO program that exists. The software can be used for all Book and Tax LIFO methods and for Sec. 263A cost calculations for taxpayers using simplified Sec. 263A methods. The software is the result of over 8,000 hours of Visual Basic programming and is not an Excel template.
Our company is headed by the only CPA in the U.S. whose entire practice is devoted to non-auto dealer LIFO. He is the most experienced non-auto dealer LIFO practitioner in the U.S. with over 60,000 hours of non-auto dealer LIFO experience spanning over 30 years.
We serve clients in all industries except auto dealers including retail, manufacturing, wholesale and food processing. Manufacturers are our largest clientele in terms of number of clients. Our software is very widely used by department and discount store chains and supermarket chains with over 60% of all LIFO inventories in the U. S. being calculated using our software for these retailers.
In addition to our primary business of providing LIFO software and services directly to corporations, we are the non-auto dealer LIFO resource for over 60 CPA firms.
The total inventory balances for which our software program is used exceeds $100 billion. The combined sales of our clients exceeds $500 billion. Our experience in dealing with a wide range of LIFO issues has resulted in hundreds of millions of dollars of additional LIFO related tax savings for our clients.
Companies and CPAs use our software and services because they want:
- Absolute assurance of error-free LIFO calculations
- LIFO calculations completed quickly
- Comprehensive set of LIFO reports
- Easy access to the expertise of the leading non-auto dealer LIFO practitioner in the U.S.
- Decreased LIFO audit exposure and/or risk