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Stock Taking


Stocktaking is that the counting of on-hand inventory. this implies identifying every item available, counting it, and summarizing these quantities by item. There can also be a verification step, where the count results are compared to the inventory unit counts during a company’s computing system. Stocktaking is a common requirement of a periodic inventory system, and should even be required as a part of a company’s annual audit. In short, stock-taking leads to a summary-level document that contains a list of the quantities available for each item as of a specific point in time.

Our Process

Estimated time to complete the process – 3-4 working days

Step 1

Verification of cash

Step 2

Physical Verification of Stock

Step 3

Cut- off Procedure


Reduction in gaps in the present inventory management process

Avoidance of pilferage and fraud

Instant information useful for inventory

Cost reduction and bottom-line

Special arrangements for third party opinion, including for Agent warehouses

Identification of slow-moving stock, obsolete stock, deadstock, and scrap

Documents Required

Allowance details

Stocktaking sheets


Weekly returns of the business

Clear All Your Doubts !

What's Stock Audit?

Stock audit or inventory audit is a term that refers to physical verification of a company or institution’s inventory assets. Every business organization must perform an audit once a year to update and make sure that the physical stock and therefore the computed stock match.

What's Stock Audit Report?

A stock audit report is used to document the details or information about the prevailing stocks of the business that has been gathered during a stock audit. Annual audit reports provide important details that are employed by businesses in their financial statements.

Why is Stock Audit Required?

The stock audit is necessary to scale back unnecessary investment on stocks and to make sure that you simply have a correct line balancing within the process. High levels of stock generally end in unnecessary overstocking thus leading to poor cash flows and loss.

What's the aim of the audit?

what's the aim of the audit?

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