A stocktake is a count of the business inventory on hand, typically done at the end of the financial year, though some businesses may do it more regularly. Having an accurate idea of the number of stock items your business owns allows your accountant to reconcile physical stock to the inventory records, highlight variances, and […]

Stock takes in your business is best completed by working on one area of the store at a time. You may decide to break up your stocktake by physical location in your premises, or by supplier, department or category. With most POS systems you can perform a stocktake in several ways: 1.Using a PDE scanner […]

Where would we be without stocktaking? Keeping a correct and up to date inventory of your goods when you are in business is something which the importance of cannot be taken lightly. Stocktaking is an integral part of pubs, clubs, hotels and restaurants businesses, no matter what the size. It is advantageous for these types […]

If you are thinking about starting your own hotel business, one of the techniques to ensure your business’s success is hotel stocktaking. Hotel stocktaking pertains to the act of delivering full stock results including actual versus estimated margins, stock shortages and surpluses and yields. This also includes myriads of other essential data related to hotel […]

Taking an accurate stock of your business’s goods is an important task that requires careful planning and preparation. If you don’t keep track of your stock on a regular basis, you could see your profits fall and your business eventually fail. Here are some Do’s and Don’ts of a good stocktake that you may find […]