What should you pay attention to when doing a year-end inventory count? 80% of accountants don’t understand!

Whenever the end of the year comes, the work of accountants can be said to be very busy. In addition to daily accounting and bookkeeping, they also need to conduct year-end accounting. Which will involve inventory counting. In the past, when counting inventory, accountants would encounter various problems. What should we pay attention to when doing year-end inventory counting? The editor will tell you about this problem below.

1. Cooperation between departments

For production and operation enterprises, it is necessary to know that the quantities of materials and inventories are constantly changing, but it is not clear to accountants How much inventory does the company have? Therefore, when doing year-end inventory counting, all departments need to cooperate and clarify the inventory level at a certain point in time. Only in this way can the accuracy of the inventory data be ensured, especially for the business department, and If the sales department does not cooperate well and communicate well, conflicts at work will easily occur.

2. Warehouse management personnel need to have certain experience

In order to ensure that the company's business production and sales operate normally and are not affected, it is first necessary to ensure that the raw materials and materials in inventory are There are no problems with the quality of the product. Then, the requirements for warehouse management personnel need to be very strict. In addition to having certain professional abilities and work experience, companies also need to provide relevant training to warehouse management personnel on a regular basis to strengthen the professional knowledge of warehouse management personnel and also to monitor inventory management. The quality of raw material products is guaranteed to a certain extent.

3. Check carefully

When conducting a year-end inventory count, accountants must make careful and detailed records, such as the name of the item, inventory quantity, material number, production date, etc. All information needs to be checked and recorded clearly, and for relatively light items, tools such as electronic scales need to be used for measurement. Accountants must clearly record important information such as the weight and name of the items during the inventory process.

4. Pay attention to the status of inventory items

During the inventory count, accountants also need to pay real-time attention to the status of the items being counted, such as their placement, Whether any items are damaged, expired, etc. If there is a certain discrepancy between the actual situation and the inventory data, it is necessary to carefully analyze the cause of the error and report the problem to the superior leader in a timely manner.