LIFO-PRO, Inc.

AccountingNebraska, United States2-10 Employees

LIFO-PRO, Inc. operates in the accounting sector with a specialization in LIFO software and services. Based in Omaha, Nebraska, the company provides software capable of handling all LIFO methods—including double-extension, internal or external indexes, and cost or retail LIFO—and it automates inflation and LIFO reserve calculations, while also maintaining historical LIFO layers, reporting, interim estimates, projections, and forecasting. The product is described as a standalone LIFO calculation application for non-auto dealer use, not merely a spreadsheet template, and it supports consolidating multiple entities under LIFO and aligning Book and Tax LIFO calculations for Schedule M adjustments. 

Its client base includes major retailers and CPA firms, with names such as Walmart, Target, Kroger, Rite Aid, General Mills, and Steelcase, and it serves as the LIFO resource for more than sixty CPA firms across industries other than auto dealerships. The firm offers a range of LIFO-related services in addition to software, including IPIC and internal index LIFO calculation, LIFO consulting, IRS forms preparation, training, and complimentary best practices reviews and election benefit analysis. The leadership features Lee Richardson, who has approximately 90,000 hours of LIFO experience and is described as a CPA devoted exclusively to LIFO.

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