What inventory records mean
For companies working with goods, raw materials or finished products, inventory records are essential. They track each item both by quantity and by value, on inflows and outflows. The analytical stock balance reconciles this data with the synthetic accounting records.
What we do for you
- Quantity and value inventory records;
- Correct valuation methods on outflow (FIFO, weighted average);
- Analytical stock balance;
- Reconciliation with synthetic accounting;
- Support at the annual stocktake and handling differences.
Why it matters
Wrongly recorded stock distorts cost of goods sold, profit and VAT. Correct records prevent hidden losses, undetected theft and problems at stocktake and audit.
Frequently asked questions
The detailed statement per item of inflows, outflows and balances, which must match the synthetic accounting records. We prepare and check it regularly.
Depending on the company, we apply FIFO or the weighted average cost consistently, per the accounting policies.
Yes. We support the stocktake and correctly handle differences found between physical and recorded stock.