Inventory control is one of the main areas of accounting. He is responsible for managing all the products and materials that a company has in its stock, from entry to exit of products.
To carry out an efficient stock control, it is necessary to have a computerized system that allows the registration of all the movements carried out. In this way, it is possible to have more precise control and avoid errors that could harm the company.
In addition, it is important to have a purchasing plan so that there is no excess inventory, which can generate unnecessary costs, or lack of products, which can harm sales and the company's image.
Another important point is the carrying out of periodic inventories, which allow checking whether the system records are in accordance with the quantity of physical products present in the stock. This practice is essential to prevent deviations and fraud.
Finally, inventory control is also important for tax accounting, as the values of products in stock must be recorded on the company's balance sheet. In addition, the lack of registration or incorrect registration can cause problems with the tax authorities.
In summary, inventory control is a fundamental area of accounting and must be performed with care and precision to ensure the success of the company.
