SERVICES

Inventory is a process that involves counting, checking and evaluating inventory, equipment, products and other objects of an enterprise or organization. This service is necessary for proper accounting, management and evaluation of the company's inventory. Inventory can be carried out in different areas depending on the needs of enterprises and generally helps in the correct conduct of accounting and financial transactions.

Main tasks of the inventory service

1. Accurate accounting of goods: inventory services provide accounting of all goods and materials available on the territory of the organization. This ensures the correct registration of goods balances and the accuracy of the balance sheet.
2. Inventory valuation: The value of goods and products is estimated. It is important to correctly calculate the financial position of the enterprise.
3. Inventory control. Inventory service is necessary for companies to control inventories of goods and materials. This service helps prevent losses and properly manage inventory.
4. Suitability for tax and accounting purposes. The inventory service is also important for tax accounting. Companies comply with tax laws by ensuring complete inventory
5. Detection of errors and losses. This service identifies product defects, errors and other problems. This is important to improve the operation of the enterprise and prevent wasteful use of resources.

Inventory Maintenance Stages

1. Preparation and planning:

• First, the purpose and scope of the inventory process is determined.
• A counting table is prepared for each product, item or material.
• Necessary equipment and tools (eg bar code readers, tally sheets or electronic devices) are provided.

2. Accounting and registration of goods:

• In the traditional method, products are counted and recorded manually.
• Computers and special software are used to count goods in automated systems.

3. Data analysis and reporting:

• Census results are collected and analyzed. If any inaccuracies or errors are discovered, they are corrected.
• Inventory report is prepared and submitted to management or accounting department.

4. Investigation of errors and losses:

• Investigations are conducted into the absence, excess or damage of any goods.
• The causes of losses are established and preventive measures are taken.

5. Checking inventory accuracy:

• The accuracy of the calculations and the reliability of the data are checked.
• Inventories are entered into the accounting system and appropriate adjustments are made.

Types of inventory services

1. Inventory. In this method, all goods and materials are physically counted and priced. This is especially used to check the location, availability and status of resources. Physical inventories are usually conducted annually or quarterly.
2. Inventory control. Inventory control prevents loss or damage to goods and also prevents the accumulation of excess inventory.
3. Effective resource management. Inventory service ensures proper product management and better planning, which improves sales and production planning.
4. Tax and Regulatory Compliance: Ensures compliance with tax and regulatory requirements. This helps ensure accuracy of accounting processes and avoid legal problems.
5. Increased employee productivity. Inventory services improve employee productivity and enable more accurate and timely operations.