Home / Stock Audit Services
Updated on 20 Sep 2021 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.
- The correctness of stock value
- To know the current condition of stock
- To obtain assurance about the physical existence.
- To know how many items are under or over stock?
- To check whether the reported stock is matching with the actual stock.
- To check the loss, theft or misappropriation in the stock.
- To make proper control over stock.
What Is Included In Our Package?
Aspects Taken Care Of While Performing Stock Audit
Following aspects should be taken care of while performing the stock audit
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
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 email@example.com
Stock Audit FAQ’S
- Verification of stock valuation
- Verification of stock register
- Verification of physical stock
- Discrepancy reporting
- Valuation and verification of stock in transit
- Comparison between financial records and stock register.
Latest News & Updates
- Jul 02,2121
- Jun 10,2121
- Sep 17,2021
- Sep 16,2021
- Sep 15,2021
- Sep 14,2021
- Sep 09,2021
GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST lawsSep 10th ,2021
GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST lawsSep 10th ,2021
GSTR 1 for Aug 2021 (turnover more than INR. 1.50 Crore)Sep 11th ,2021
GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)Sep 13th ,2021
GSTR-3B is a summary return to be filed by all taxpayers except those registered under the composition scheme, every month. However, from 1st January 2021, there is also quarterly filing option provided to taxpayers with annual aggregate tunrover of up to Rs.5 crore, opting for the QRMP scheme for Aug Month. (Aggregate turnover exceeding Rs.5 crore in the previous financial year)Sep 20th ,2021
GSTR-3B is a summary return to be filed by all taxpayers except those registered under the composition scheme, every month. However, from 1st January 2021, there is also quarterly filing option provided to taxpayers with annual aggregate tunrover of up to Rs.5 crore, not opting for the QRMP scheme for Aug Month. (Aggregate turnover up to Rs.5 crore in the previous financial year)Sep 20th ,2021