For any business with inventory, stock take at end of financial year can seem like a huge mountain to climb. However, a little planning can go a long way in making this process a lot less stressful.

Knowing the capabilities of your software is one of the most important steps as it may determine how the count needs to be conducted or recorded. Can you use portable barcode scanners to count stock and then upload directly to your software? Will your software generate manual count sheets divided by stock location, category or department?

Preparation is key to the smooth running of a stock take at any time but, when there are so many other demands at end of financial year, it becomes even more crucial. Ensuring that all sales and purchase information is entered prior to the count and that all products are correctly labeled can make a huge difference to the efficiency and accuracy of your stock take.

Retail Manager and Ostendo both provide more than one option for entering stock counts. If you would like some assistance to decide which approach is best for your business, phone the ABC office to make an appointment with one of our consultants.

Until next time

Ziska