Inventory is the process of verifying the availability and condition of a company's assets and liabilities. It helps to ensure the accuracy of accounting, identify shortages and surpluses, as well as monitor the condition of the property. Here are the main stages and aspects of the inventory:
The main stages of the inventory
1. Preparation for the inventory:
- Identification of inventory items (goods, fixed assets, cash, etc.).
- Appointment of responsible persons for the inventory.
- Drawing up a schedule and inventory plan.
2. Conducting an inventory:
- Physical verification of the availability and condition of assets.
- Comparison of actual data with accounts.
- Filling out inventory documents (acts, lists, etc.).
3. Analysis of the results:
- Identification of shortages and surpluses, analysis of the causes of discrepancies.
- Assessment of the condition of assets and determination of the need for write-off or revaluation.
4. Reporting:
- Preparation of reports on the results of the inventory.
- Preparation of proposals