Stock taking

Businesses carrying trading stock are highly susceptible to pilfering.
But this can be prevented by regular stocktaking.

The Benefits of Stock Taking

Gross profit analysis– Knowing your gross profit for a period will allow you took look deeper into the positives and negatives and how this can be increased in the future.

Uncover reasons for shrinkage– A regular stocktake will highlight problems with theft, damaged stock, unprocessed or missing orders, and poor stock control practices.

Help you meet business targets– If you find some major discrepancies in your numbers, you may not be on track with all your financial goals. It’s better to discover this sooner rather than later and readjust your forecasts while you can.

Put product performance under the microscope– It’s easy to lose track of which products are doing well and those not so much. A regular stocktake will put this into focus for you. If you have large numbers of a product that has been on the shelves for months, it’s a good indication that it’s not popular and that you may have to cut the price and let it go or just reduce shelf space.

Find flaws in your pricing strategies– After a stocktake is the best time to analyse profit and sales, making changes to pricing that isn’t generating enough profit.

At Accountingpro, we retain a tribe of over 1000 stocktakers, to enable us count, tag, scan for expiry, sort, organize, automate and value your inventory, within a few hours.

With the aid of technology, mobile devices are used to capture data by  stocktakers. The collected data is then transmitted in real time to a central cloud storage, from where supervisors collate the stock count results. Our stock taking offering caters to small shops requiring 5 to 10 persons or large warehouses that require up to 100 persons or more