Inventory in small business

Whether in a large or small business, it is necessary to keep records of resources. Inventory in a large business differs only in that there are more warehouses and goods. Otherwise, it is a similar process.

Problem

Goods and products constantly spoil, they can be broken, smashed, or stolen, and their expiration date may pass. But for accounting, and for the company as a whole, information about the actual quantity of goods is important. Today, small businesses do not always conduct inventory, and if they do, they do it chaotically. Records are kept on pieces of paper, in notebooks, journals, and other paper, which means they can be lost, end up in the wrong place, or fall victim to spilled coffee.

Solution

To avoid confusion about the quantity of goods and provide clients with only accurate data, you can use “FORMA”, which has its own inventory section. After clicking the “Create inventory” button, you need to select the warehouse where it will be conducted (afterward, you can change the inventory name).

At the bottom, a table with all the goods in this storage facility will be displayed. It has columns: accounting quantity and actual quantity. You have probably already guessed where to enter the recounted goods. After all goods have been recounted, reviewed, and entered into the table, you can click the “Post” button. Done! If necessary, you can export the data.

All completed inventories are stored in the archive. Any of them can be easily found using filtering, and you can see how many goods were changed. For example, you can display all inventories by status, name, or warehouse. Thus, you will have quick access to all your data.

Practical task

By writing to us in direct messages, you can get access to practical assignments. Our manager will tell you where to go in order to conduct your inventory independently.

Tell us in the comments how inventory was conducted in your business (at your workplace). What interesting or funny cases were there?