You’re offline. This is a read only version of the page.
40
Hi
What is standard in most companies? Is the monthly stocktake journal usually created by Finance as a control check or is it commonly left to Inventory Manager to create stocktake journal and pass count sheets out to staff?
*This post is locked for comments
I have the same question (0)
Hi,
Ideally, stock take journal should be created & physically counted by Inventory team, however it should be verified & posted by Finance Controller in the system.
Finance people normally ask for the justification for each and every variance mentioned by the inventory team for controlling purpose. Also, they have to justify the valid reasons to auditor team for such variances.
Inventory team might have do complete audit trail about items having major variance, as Ideally it should not be the case.
Hope this answer helps you.
Regards,
Vishal Salot
Share
Report
All responses (
Answers (
