Stock Audits

A stock audit is a systematic review of a company's inventory to verify the accuracy of stock records and ensure physical stock matches recorded data. It involves counting and inspecting items, comparing counts with inventory records, and identifying discrepancies like theft, damage, or errors. Conducted regularly, stock audits help maintain accurate inventory management, optimize stock levels, reduce loss, and support financial reporting. Essentially, it’s a check-up for the company’s stored goods to ensure everything is accounted for correctly.