The monumental task of stocktaking leads to disruptions in the business processes of many companies. This is why for some companies, software-supported perpetual inventory can offer many advantages and be a sensible alternative to the annual inventory.
BlogPerpetual Inventory: What Is It?
Oct 14, 2022 | Asset Management, Inventory Software, Stock Management
This variant of the perpetual inventory is mainly used by companies with frequently changing stocks, which include cash stocks as well as stocks of goods. In a current business year, turnover causes inventory updates from additions, such as cash receipts and goods receipts, and disposals, such as cash payments and goods issues. The actual stock changes as a result, but should then correspond to the book value at all times.
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