ECOVIS Poland Sp. z o.o. | Garażowa Street 5A, 02-651 Warsaw
Stocktaking
Stocktaking allows to determine, by taking a physical inventory, the actual quantities of tangible, intangible and monetary assets held. It is also a way of resolving any discrepancies between the actual inventory levels and those shown in the accounting records. Stocktaking-related obligations are provided for in the Accounting Act.
Stocktaking is an important tool for controlling and preventing inventory-related irregularities, and plays an important role in the entity’s accounting processes.
THE PURPOSE OF THE STOCKTAKING IS TO:
- determine the actual balances of assets and liabilities and their sources,
- correct the record data, so that they are consistent with the facts,
- perform settlements with persons materially responsible for the property they have been entrusted with,
- assess the condition and suitability of the inventory and collateral held.
The requirement to take stock of a company’s assets stems directly from accounting regulations. It is a time-consuming process which often requires that several weeks be spent dealing with inventory-related documentation.
The stocktaking processes we conduct are characterized by excellent work organization, a high degree of diligence and great efficiency of operations.
We carry out and account for inventories of fixed assets and equipment at companies of various business profiles.
We have reliably developed techniques and methods for taking a physical inventory. The stocktaking teams are made up of experts who specialize in documenting and accounting for inventory levels, as well as in health and safety procedures.
We ensure that the services are performed with due diligence, while maintaining confidentiality of all information obtained during the order execution phase.
Our goal is to meet the needs of our clients, so each project is adapted to the specific nature of the order.
By taking over stocktaking-related activities, we free our clients from:
- labor-intensive activities performed by their personnel,
- the need to perform additional tasks related to inventory management and organization,
- disruptions to the company’s operations (keeping the staff busy, etc.).
They trusted us
