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....
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...
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...
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...
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...
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...
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...
