Home / Stock Audit Services

Updated on 25 Sep 2023    9.00 AM IST | 4 min read

What is Stock Audit?

Physical verification of inventory is known as stock audit. Stock audit should be performed by a business or an organization at least once in a financial year. Stock audit is very necessary for the businesses having multiple branches and contains massive stock of physical goods. Your stock will never be understocked or overstocked, if you order the right quantity at the right price at the right time and through the right source. Stock and physical assets such as raw material, physical equipment, machinery etc. are very important for a businesses & needs to be checked again.

Stock audit is conducted by the stock auditors to ensure –
  1. The correctness of stock value
  2. To know the current condition of stock
  3. To obtain assurance about the physical existence.
  4. To know how many items are under or over stock?
  5. To check whether the reported stock is matching with the actual stock.
  6. To check the loss, theft or misappropriation in the stock.
  7. To make proper control over stock.

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees


Aspects Taken Care Of While Performing Stock Audit

Following aspects should be taken care of while performing the stock audit

  • Verification of Physical stock
  • Verification of stock valuation
  • Verification of stock register
  • Reporting on discrepancy
  • Comparison of financial records with stock register
  • Valuation & verification of stock-in-transit.

Finacbooks provides wide range of auditing services including the stock audit. In relation to stock audit, we provide quality audit services to different businesses at a minimum cost.


Benefits of Stock Audit Services

  • More than 10 years of experience
  • Qualified professionals
  • Excellent customer service
  • Cost efficient
  • Customer delight
  • Time saving
  • Quick turnaround time
  • Continuous support over e-mail and phone (24X7).

How Finacbooks Can Help?

Finacbooks is one of the leading Indian firms with more than 10 years of experience in helping small, medium & large businesses by providing them professional stock auditors so that they can make proper control over their stock. To avail the best deals on stock audit service, kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com

Stock Audit FAQ’S

Physical verification of inventory performed by a business or organization once in a financial year is known as stock audit.
Yes, it is necessary for the big businesses having multiple branches and contains big stock of physical goods to do stock audit.
Your stock will never be understocked or overstocked, if you will order the right quantity at the right price at the right time and through the right source.
Stock & physical assets like raw material, physical equipment, machinery etc. is to be verified while doing stock audit.
You must take care of the following things while doing stock audit –
  1. Verification of stock valuation
  2. Verification of stock register
  3. Verification of physical stock
  4. Discrepancy reporting
  5. Valuation and verification of stock in transit
  6. Comparison between financial records and stock register.
MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Company Formation and Registration in India with FinacBooks
01 Sep, 2023

Starting a new business in India requires several legal procedures, paperwork, and timely compliance with regulatory authorities. Company... Read More

Don't Miss the Deadline: Income Tax Returns for AY 2023-24
20 Jul, 2023

The old saying goes, "Nothing can be said to be certain except death and taxes." While we can't help you with the former, we certainly can... Read More

The Benefits of Forming a Limited Company in India
29 Jun, 2023

In India's dynamic and evolving business landscape, forming a limited company offers numerous advantages for entrepreneurs and business... Read More

Due Dates

  • Due date for deposit of Tax deducted/collected for the month of August, 2023. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.

    Sep 07th ,2023
  • Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of July, 2023

    Sep 14th ,2023
  • Due date for issue of TDS Certificate for tax deducted under section 194S in the month of July, 2023?

     

    Note: Applicable in case of specified person as mentioned under section 194S

    Sep 14th ,2023
  • Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of July, 2023

    Sep 14th ,2023
  • Due date for issue of TDS Certificate for tax deducted under section 194M in the month of July, 2023

    Sep 14th ,2023
  • Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of August, 2023

    Sep 15th ,2023
CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.
World Map

Contact Us

30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service

f
Chat on WhatsApp