{"id":12865,"date":"2025-04-18T09:39:00","date_gmt":"2025-04-18T13:39:00","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=12865"},"modified":"2025-04-17T10:40:07","modified_gmt":"2025-04-17T14:40:07","slug":"fifo-vs-lifo","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/fifo-vs-lifo\/","title":{"rendered":"FIFO vs LIFO: Key differences, formulas and examples"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tFIFO vs LIFO: Key differences, formulas and examples\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-04-18T09:39:00-04:00\">April 18, 2025<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"FIFO vs LIFO: Key differences, formulas and examples\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-ca\/blog\/fifo-vs-lifo\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p>Tracking costs accurately is essential for effective inventory management. <\/p>\n\n\n\n<p>Two of the most common inventory valuation methods are FIFO (First In, First Out) and LIFO (Last In, First Out).\u00a0<\/p>\n\n\n\n<p>These methods impact everything from your cost of goods sold (COGS) to your taxable income and profitability.&nbsp;<\/p>\n\n\n\n<p>But what are the key differences between FIFO and LIFO?&nbsp;<\/p>\n\n\n\n<p>How do you calculate FIFO and LIFO, and which method is right for your business?&nbsp;<\/p>\n\n\n\n<p>By the end, you will have a clear understanding of inventory valuation and a better insight into how inventory management software simplifies the management of FIFO and LIFO.<\/p>\n\n\n\n<p><strong>Here\u2019s what we\u2019ll cover:<\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-fifo\" data-level=\"2\">What is FIFO?<\/a><\/li><li><a href=\"#h-advantages-and-disadvantages-of-fifo\" data-level=\"2\">Advantages and disadvantages of FIFO<\/a><\/li><li><a href=\"#h-what-is-lifo\" data-level=\"2\">What is LIFO?<\/a><\/li><li><a href=\"#h-advantages-and-disadvantages-of-lifo\" data-level=\"2\">Advantages and disadvantages of LIFO<\/a><\/li><li><a href=\"#h-lifo-and-fifo-examples\" data-level=\"2\">LIFO and FIFO examples<\/a><\/li><li><a href=\"#h-fifo-vs-lifo-key-differences\" data-level=\"2\">FIFO vs. LIFO: Key differences<\/a><\/li><li><a href=\"#h-other-factors-to-consider-when-choosing-fifo-vs-lifo\" data-level=\"2\">Other factors to consider when choosing FIFO vs LIFO<\/a><\/li><li><a href=\"#h-lifo-vs-fifo-vs-weighted-average-cost\" data-level=\"2\">LIFO vs. FIFO vs. Weighted average cost<\/a><\/li><li><a href=\"#h-strengthen-your-finances-inventory-management-software\" data-level=\"2\">Strengthen your finances inventory management software<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-fifo\">What is FIFO?<\/h2>\n\n\n\n<p>FIFO (First In, First Out) is an inventory valuation method where your business sells or uses the oldest stock first.&nbsp;<\/p>\n\n\n\n<p>This approach mirrors the natural flow of inventory, making sure older products are used before they expire or become obsolete.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why FIFO matters for your business<\/h3>\n\n\n\n<p>It increases net profit in inflationary periods because older, cheaper inventory is used first.<\/p>\n\n\n\n<p>FIFO reduces waste when your business is dealing with perishable goods.<\/p>\n\n\n\n<p>It reflects current inventory value more accurately when prices are rising.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advantages-and-disadvantages-of-fifo\">Advantages and disadvantages of FIFO<\/h2>\n\n\n\n<p>Choosing FIFO as your inventory valuation method can significantly impact your business\u2019s profitability, tax liability, and financial reporting.&nbsp;<\/p>\n\n\n\n<p>Understanding the benefits and potential drawbacks will help you decide whether FIFO fits your inventory management strategy.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Advantages<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-good-for-record-keeping\"><strong>Good for record-keeping<\/strong><\/h4>\n\n\n\n<p>FIFO constantly uses up the oldest inventory layers, reducing the need for extensive records. <\/p>\n\n\n\n<p>This makes it easier to monitor your inventory value and predict gross profit.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-higher-profits-during-inflation\"><strong>Higher profits during inflation<\/strong><\/h4>\n\n\n\n<p>Since FIFO sells older, lower-cost inventory first, your profits appear higher when prices rise.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-reflects-actual-inventory-flow\"><strong>Reflects actual inventory flow<\/strong><\/h4>\n\n\n\n<p>This method follows the natural movement of stock, making it ideal if your business sells perishable or time-sensitive products.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-improves-financial-transparency\"><strong>Improves financial transparency<\/strong><\/h4>\n\n\n\n<p>FIFO clarifies inventory costs and aligns well with financial reporting standards.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Disadvantages<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-higher-taxes-during-inflation\"><strong>Higher taxes during inflation<\/strong><\/h4>\n\n\n\n<p>Increased profits result in a higher taxable income, which could lead to more significant tax liabilities for your business.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-less-accurate-cost-tracking-in-volatile-markets\"><strong>Less accurate cost tracking in volatile markets<\/strong><\/h4>\n\n\n\n<p>If inventory prices fluctuate frequently, using older costs for COGS may not reflect the true cost of replacement stock, potentially impacting pricing decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-lifo\">What is LIFO?<\/h2>\n\n\n\n<p>LIFO (Last In, First Out) is the opposite of FIFO\u2014it assumes that the newest inventory is sold first, while older stock remains on the books.&nbsp;<\/p>\n\n\n\n<p>This method can significantly impact your business\u2019s financial statements, especially during inflation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The LIFO formula<\/h3>\n\n\n\n<p>The LIFO formula represents:&nbsp;<\/p>\n\n\n\n<p><strong>LIFO Cost of Goods Sold (COGS) = cost of newest inventory \u00d7 units sold<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advantages-and-disadvantages-of-lifo\">Advantages and disadvantages of LIFO<\/h2>\n\n\n\n<p>LIFO can be a strategic choice for businesses looking to reduce taxable income, but it also has limitations depending on accounting regulations and financial reporting goals.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s a breakdown of its pros and cons:&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Advantages<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-higher-cogs-and-lower-taxable-income-during-inflation\"><strong>Higher COGS and lower taxable income during inflation<\/strong><\/h4>\n\n\n\n<p>LIFO help your business reduce tax liability by using newer, more expensive inventory first. This method is great for keeping tax costs low.&nbsp;<\/p>\n\n\n\n<p>It\u2019s useful for retail companies that need to stay on top of trends and quickly sell fashionable items.&nbsp;<\/p>\n\n\n\n<p>It\u2019s also helpful for supermarkets dealing with fluctuating food prices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-can-improve-cash-flow\"><strong>Can improve cash flow<\/strong><\/h4>\n\n\n\n<p>By lowering taxable income, your business may have more cash on hand.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Disadvantages<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-not-permitted-under-ifrs\"><strong>Not permitted under IFRS<\/strong><\/h4>\n\n\n\n<p>If you\u2019re an international business, you may not be allowed to use LIFO for tax purposes.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-lower-inventory-value-on-financial-statements\"><strong>Lower inventory value on financial statements<\/strong><\/h4>\n\n\n\n<p>Since older, lower-cost inventory remains on the books, it can make your financial statements look weaker.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lifo-and-fifo-examples\">LIFO and FIFO examples<\/h2>\n\n\n\n<p>Understanding how FIFO and LIFO impact cost of goods sold (COGS) is easier with real-world examples.<\/p>\n\n\n\n<p>Below, see how each method is applied to the same inventory purchases and sales, leading to different financial outcomes.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Example of calculating FIFO<\/h3>\n\n\n\n<p>Imagine you are the inventory manager of a clothing store warehouse.&nbsp;<\/p>\n\n\n\n<p>Your business purchases inventory in the following order.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>January: 100 units at $10 each<\/li>\n\n\n\n<li>February: 100 units at $12 each<\/li>\n<\/ul>\n\n\n\n<p>Later, in March, a total of 120 units are sold.&nbsp;<\/p>\n\n\n\n<p>Using the FIFO inventory method formula, the oldest stock is sold first:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The first 100 units from the January purchase are sold at $10 each.<\/li>\n\n\n\n<li>The remaining 20 units come from the February purchase at $12 each.<\/li>\n<\/ul>\n\n\n\n<p>COGS = (100\u00d710) + (20\u00d712)<\/p>\n\n\n\n<p>COGS= 1000 + 140 = 1,240<\/p>\n\n\n\n<p>Therefore, the cost of goods sold (COGS) under FIFO is $1,240.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Example of calculating LIFO<\/h3>\n\n\n\n<p>Using the same purchase data, imagine your business buys inventory on the following dates:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>January: 100 units at $10<\/li>\n\n\n\n<li>February: 100 units at $12<\/li>\n<\/ul>\n\n\n\n<p>Later, in March, your business sells 120 units.&nbsp;<\/p>\n\n\n\n<p>Under LIFO inventory method formula, the most recent stock is sold first:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The first 100 units from the February purchase are sold at $12 each.<\/li>\n\n\n\n<li>The remaining 20 units come from the January purchase at $10 each.<\/li>\n<\/ul>\n\n\n\n<p>COGS = (100\u00d712) + (20\u00d710)<\/p>\n\n\n\n<p>COGS = 1,200 + 200 = 1,400<\/p>\n\n\n\n<p>Your cost of goods sold (COGS) under LIFO is $1,400, which is higher than FIFO\u2019s $1,240.&nbsp;<\/p>\n\n\n\n<p>This example highlights how LIFO results in higher costs and lower reported profits, particularly during periods rising prices, making it a common choice for businesses looking to reduce taxable income.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fifo-vs-lifo-key-differences\">FIFO vs. LIFO: Key differences<\/h2>\n\n\n\n<p>FIFO and LIFO differ in how they manage inventory costs, affecting financial statements, tax liabilities, and overall business profitability.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s how they compare:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Cost flow assumption<\/h4>\n\n\n\n<p>FIFO follows a First In, First Out approach, meaning the oldest inventory is sold first.&nbsp;<\/p>\n\n\n\n<p>LIFO, on the other hand, operates under a Last In, First Out assumption, where the newest inventory is sold first.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Inventory valuation<\/h4>\n\n\n\n<p>FIFO calculates cost of goods sold (COGS) based on older, lower-cost inventory, while LIFO uses the most recent, higher-cost inventory for COGS calculations.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Impact of inflation<\/h4>\n\n\n\n<p>FIFO typically results in lower COGS and higher profits, leading to higher taxes when prices are rising.&nbsp;<\/p>\n\n\n\n<p>In contrast, LUFO leads to higher COGS and lower profits, which can help businesses reduce taxable income during inflation.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Complexity of fluctuation reporting<\/h4>\n\n\n\n<p>Using FIFO, the cost of goods usually stays stable, making it easy to track inventory and costs.&nbsp;<\/p>\n\n\n\n<p>Prices can change with inflation or deflation, but the inventory layers generally show recent prices.&nbsp;<\/p>\n\n\n\n<p>With LIFO, inventory layers can stick around for a long time, making average costs vary and reporting tricky.&nbsp;<\/p>\n\n\n\n<p>These layers make it hard to report price changes, as altering one can affect the cost of items sold.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Balance sheet impact<\/h4>\n\n\n\n<p>FIFO values ending inventory at the most recent (and often higher) purchase costs, making financial statements appear stronger.&nbsp;<\/p>\n\n\n\n<p>LIFO, however, values inventory at older, lower costs, which can make your balance sheet look weaker.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Regulatory compliance<\/h4>\n\n\n\n<p>FIFO is permitted under both IRS and GAAP, making it a globally accepted inventory valuation method.&nbsp;<\/p>\n\n\n\n<p>LIFO, however, is not allowed under IFRS but remains permitted under US GAAP, making it a viable option if you\u2019re business is based in the U.S.<\/p>\n\n\n\n<p>Choosing between FIFO and LIFO depends on your business goals, tax strategy, and financial reporting needs.<\/p>\n\n\n\n<p>If reducing taxable income is a priority for your financial strategy, LIFO may be beneficial\u2014if allowed in your region.&nbsp;<\/p>\n\n\n\n<p>For a more transparent and widely accepted method, FIFO is often the preferred choice.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-factors-to-consider-when-choosing-fifo-vs-lifo\">Other factors to consider when choosing FIFO vs LIFO<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-regulatory-compliance\"><strong>Regulatory compliance<\/strong><\/h3>\n\n\n\n<p>Some countries do not allow LIFO for tax purposes (e.g., IFRS does not permit LIFO).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tax-implications\"><strong>Tax implications<\/strong><\/h3>\n\n\n\n<p>LIFO can be beneficial in times of inflation to lower taxable income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-inventory-management\"><strong>Inventory management<\/strong><\/h3>\n\n\n\n<p>FIFO aligns with the natural flow of goods, making it ideal for perishable items.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lifo-vs-fifo-vs-weighted-average-cost\">LIFO vs. FIFO vs. Weighted average cost<\/h2>\n\n\n\n<p>While FIFO and LIFO are the most used methods, weighted average cost (WAC) offers a third options that smooths out price fluctuations.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s how each method stacks up:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">FIFO<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lower COGS and higher profits during inflation.<\/li>\n\n\n\n<li>Provides a clearer picture of inventory costs.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">LIFO<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Higher COGS and lower profits during inflation.<\/li>\n\n\n\n<li>Reduces taxable income by increasing expenses.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Weighted average cost (WAC)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Average inventory costs by dividing the total cost of goods available for sale by the total units available, creating a consistent per-unit cost.&nbsp;<\/li>\n\n\n\n<li>Smooths out price fluctuations, making it a balanced approach between FIFO and LIFO.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-which-method-is-best-for-your-business\">Which method is best for your business?<\/h3>\n\n\n\n<p><strong>Weighted Average Cost<\/strong> for a balanced approach that minimises price fluctuations.<\/p>\n\n\n\n<p><strong>FIFO <\/strong>is best if you want higher profits and accurate inventory tracking.<\/p>\n\n\n\n<p><strong>LIFO<\/strong> to lower taxable income during inflation (if allowed).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strengthen-your-finances-inventory-management-software\">Strengthen your finances inventory management software<\/h2>\n\n\n\n<p>Whether you run a small or growing business, the right <a href=\"https:\/\/www.sage.com\/en-ca\/inventory-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">inventory management software<\/a> helps streamline operations by automating FIFO, LIFO, or Weighted Average Cost calculations.\u00a0<\/p>\n\n\n\n<p>Built-in tools for tracking, valuing, and managing stock makes sure your team stays accurate and efficient at every stage of the inventory process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">With the right solution, you can:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Track inventory costs with ease: <\/strong>monitor stock movements and pricing in real time to maintain precise records.&nbsp;<\/li>\n\n\n\n<li><strong>Generate real-time financial reports:<\/strong> gain valuable insights into inventory costs, profitability, and trends to support better decision-making.<\/li>\n\n\n\n<li><strong>Ensure tax compliance: <\/strong>automate calculations and reporting to meet regulatory requirements and avoid costly errors.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ready-to-optimise-your-inventory-management\">Ready to optimise your inventory management?\u00a0<\/h3>\n\n\n\n<p>Subscribe for the Sage Advice newsletter for expert accounting tips to keep your financials in check.&nbsp;<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-8949a954-88b2-43bb-8b8a-77c53eb34350\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/how-to-grow-your-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\thow to grow your business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/inventory-management\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tinventory management\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/midsized-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tmidsized business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/small-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tsmall business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/staying-competitive\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tstaying competitive\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/tag\/supply-chain-management\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tsupply chain management\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-14512 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-technology-innovation tag-bookkeeping tag-business-finances tag-cash-flow tag-digital-transformation tag-payment-processing tag-small-business business_type-small-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1307905756-1440x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1307905756-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1307905756-768x432.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1307905756-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-08T12:20:34-04:00\">June 8, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/invoice-automation-boosting-efficiency\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tInvoice automation: How to boost efficiency and get paid faster\u00a0\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tSpending too much time chasing invoices and not enough time running your business? Invoice automation reduces errors and the time spent on manual invoicing tasks so you can get paid faster. Learn how invoice automation works, why it matters for your cash flow, and how to set it up. \t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-14319 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-business-finances tag-business-strategy tag-digital-transformation tag-food-beverage business_type-medium-business industry-food-beverage industry-travel-hospitality\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/qsr-franchise-financial-kpis-risk-management\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/02\/QSR-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/02\/QSR-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/02\/QSR-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/02\/QSR.jpg 1200w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-02-09T15:27:41-05:00\">February 9, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">7 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tQSR franchise challenges: How quick-serve chains can reduce risk and protect profitability\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-14291 post type-post status-publish format-standard has-post-thumbnail hentry category-compliance category-paying-people tag-bookkeeping tag-compliance tag-payroll tag-small-business tag-tax business_type-small-business industry-professional-services\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/year-end-payroll-guide-small-businesses-2026\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2019\/01\/GettyImages-612505724_super-684x384.jpg\" class=\"card-post__image\" alt=\"Employee working on a laptop in a restaurant\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2019\/01\/GettyImages-612505724_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2019\/01\/GettyImages-612505724_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2019\/01\/GettyImages-612505724_super-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-02-04T13:22:49-05:00\">February 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe Ultimate Guide to Year-End Payroll in Canada (2026)\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-13703 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-technology-innovation tag-accounting-101 tag-ai tag-bookkeeping tag-business-intelligence tag-business-management tag-cloud-financial-management tag-cloud-technology tag-digital-transformation tag-entrepreneurship tag-how-to-grow-your-business tag-small-business tag-tax tag-workplace-technology business_type-small-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/accounting-automation-tools-guide-for-accountants-and-bookkeepers\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0678-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0678-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0678-768x512.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0678-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-01-27T13:50:48-05:00\">January 27, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccounting automation tools: The  ultimate guide for accountants and bookkeepers\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-13451 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-how-to-grow-your-business tag-inventory-management tag-manufacturing tag-supply-chain-management business_type-medium-business industry-distribution industry-manufacturing\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/blog\/financial-strategies-for-us-distributors-improve-profitability\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1306841982-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1306841982-684x384.jpg 684w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1306841982-768x432.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1306841982-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-09-30T10:23:46-04:00\">September 30, 2025<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tFinancial strategies for Canadian distributors: Five ways to improve profitability\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn differences between FIFO vs. LIFO, and how to calculate FIFO and LIFO step by step. Optimize inventory valuation, cut costs, and improve your business\u2019s financial accuracy.<\/p>\n","protected":false},"author":1774,"featured_media":8139,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[11,29],"tags":[266,167,265,192,263,267,208,210],"business_type":[3,99],"lilypad":[],"context":[],"industry":[],"persona":[100,83],"imagine_tag":[46,49,54,67,69],"coauthors":[307],"class_list":["post-12865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy-legal-operations","category-trends-insights","tag-business-finances","tag-business-intelligence","tag-how-to-grow-your-business","tag-inventory-management","tag-midsized-business","tag-small-business","tag-staying-competitive","tag-supply-chain-management","business_type-small-business","business_type-medium-business"],"sage_meta":{"region":"en-ca","author_name":"Yassir Malik","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1181223319.jpg","imagine_tags":{"46":"ERP","49":"growing business","54":"Medium Businesses","67":"Small business","69":"Supply management"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada English","distributor_original_site_url":"https:\/\/www.sage.com\/en-ca\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/12865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/users\/1774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/comments?post=12865"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/12865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media\/8139"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media?parent=12865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/categories?post=12865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/tags?post=12865"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/business_type?post=12865"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/lilypad?post=12865"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/context?post=12865"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/industry?post=12865"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/persona?post=12865"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/imagine_tag?post=12865"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/coauthors?post=12865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}