LIFO-PRO, Inc. is the only company in the U.S. with LIFO as their sole business.
We develop, sell and provide support for the LIFO-PRO LIFO automation program for PCs. We also provide LIFO calculation services, LIFO consulting services and LIFO auditing services to corporations and CPA firms.
Our LIFO software is the only comprehensive, commercially available non-auto dealer LIFO program on the market. The software can be used for all Book and Tax LIFO methods and for Sec. 263A cost calculations. 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 50,000 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. calculated using LIFO-PRO 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 30 CPA firms.
The total inventory balances for which our LIFO-PRO program is used exceeds $100 billion. The combined sales of LIFO-PRO 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.
View other pages on our website at lifopro.com for additional information about LIFO.
