Stock-taking

Steve Davie, 66 Main Street, Dalry, Castle Douglas, DG7 3UW

Tel: 01664 430293, Mobile: 07770 830727, Fax: 01644 430666

Or contact Steve at e-mail address : steve@manads.co.uk

Valuation Only

This level of stock-taking is used normally in two circumstances.

·	At business year end, accountants require a valuation of stock in order to produce the complete business accounts.

·	Before providing either a gross percentage or a detailed cash trace stock, it is necessary to have a starting valuation. If the opening stock for the period to be covered is not known a ‘starting point’ must be established with an opening stock valuation.

To view an example of a valuation certificate click here.

Gross Profit Percentage

This level of stock-taking provides the licensee with a figure of gross profit which can be compared with the expected figure. This will provide an indication as to whether selling prices have been set correctly in relation to purchase prices. It can also indicate whether thefts are occurring either from stock or from the till.

To view an example of a Gross Profit Report click here.

To view, and print if required, a table which will provide a ready reckoner to work out what selling prices should be to provide a particular percentage return, click here.

Detailed Stock Report

This level of stock-taking provides the owner with a detailed analysis of the return from stock. It indicates if cash is missing and, given the necessary analysis of sales from the till, can often pinpoint the ‘leak’. It is most used where the establishment is run by a manager and staff with the owner often not present.

Because it is more detailed it is the more expensive option.

To view an example of a Gross Profit Report click here.