• by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktake Procedures For Warehouses

    stocktaking procedures for warehouses

    An accurate stocktake will let you manage the warehouse inventory more effectively and make informed business decisions over time. That is why it is important that you follow the right stocktaking procedures for warehouses at all times. There are many important factors to consider when stocktaking in your warehouse. Accurate stocktaking will help your accountant […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    Notable Differences Between Stocktaking and Stock Checking

    difference between stocktaking and stock checking

    The inventory of a company is often one of its most important assets. They are available in a variety of forms such as finished and unfinished goods, work in progress, and raw materials. No matter what the actual inventory is, maintaining an accurate record is essential because it helps to calculate the holding cost of […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    Physical Stocktaking Eliminates Discrepancies and Helps Reduce Wastage and Theft

    physical stocktaking

    Inventory makes up a substantial part of the capital locked up in a business. Keeping control of inventory is helped by physical stocktaking which is done by counting, weighing or by other means to check all items in stock. Stocktaking allows a business to check the accuracy of all stock records maintained in warehouses, goods […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktaking Methods

    stocktaking methods

    If you own or operate a retail shop, you may already know the importance of stocktaking. In fact, stocktaking has numerous benefits for any type of business – whether a small, medium or large-scale establishment. The process may be carried out once a month, every year, or twice a year depending on the volume of […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    The Importance of Stocktaking

    importance of stocktaking

    In case you are wondering why you should stocktake, you have come to the right place. Whether you operate a small, medium, or large-scale business, regular stocktaking comes with many benefits. In fact, regular stocktaking will help you find new ways to improve your business and increase profits in the long run. You will discover […]

  • by ASP Microcomputers / From General,Stocktaking / February 1, 2019 /

    All About Stocktake Preparation

    stocktake preparation

    Being prepared for the process is crucial to the success of your stocktake. In fact, it will significantly smooth out the auditing and improve the accuracy of the stocktaking process.   Most Important Steps to Prepare For Your Next Stocktake There are many steps that you need to take before preparing for a stocktake in […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    How To Conduct A Stocktake?

    how to stocktake

    An accurate stocktake is crucial in effectively managing the inventory of your business. It helps the business owner to make informed decisions when managing his/her business. A successful stocktaking process will help your accounts staff to reconcile physical stock to the inventory records, and highlight the variances and identify any issues with the stock management […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    What is Stocktake in Retail?

    benefits of stocktaking

    Whether you operate a small, medium, or large-scale business, performing a complete stocktake at least twice a year is crucial for healthy inventory levels and minimising unwanted losses over time. However, stocktaking in a retail business can become quite frustrating, energy-draining, and time-consuming at times. On the other hand, the risk of serious human errors […]

  • by ASP Microcomputers / From General,Stocktaking / January 31, 2019 /

    The Benefits Of Stocktaking

    benefits of stocktaking

    Stocktaking is the process of physically counting the items in your storage or warehouse facility and checking the number against the numbers you have on your records. The process can be performed every month, twice a year, or once a year depending on the volume of stock in your warehouse. Even though stocktaking may cause […]