Task 2: Perform a stocktake

End-of-period procedures > Starting a new financial year > Task 2: Perform a stocktake

Task 2: Perform a stocktake

If you track stock quantities and values, you should perform a stocktake count when all transactions affecting stock for the financial year have been entered.

To perform a stocktake

1

Go to the Stock Control command centre and click Count Stock. The Count Stock window appears. Click Print to print the Stock Count Sheet report.

2

Count the stock on hand and record the quantities on the Stock Count Sheet.

3

Make the necessary adjustments in the Count Stock window so that the stock quantities shown in your company file match your counted items on hand. See Count stock for more information.

■

Task 3: Provide information to your accountant

■

Enter stock opening balances

■

Starting a new financial year

Top of page