Annual stocktaking
Annual stocktaking plan
Annual stocktaking, as the name suggests, occurs once a year and all of the stock is recorded during this time. An annual stocktate is the minimum frequency that businesses should employ to keep their records up to date and accurate. At Countability UK, we have been providing annual stocktakes to a wide range of clients for almost 30 years. This is the 8-step process that we follow:
1. Countability UK are appointed to conduct the stocktake.
2. An email is sent to the client confirming the place, date and time of stocktake. The email will also explain the cost and the terms of payment and any cancellation fees that would apply.
3. On the agreed day, we will count the stock at the retail price. Items that we consider to be unsaleable or out of date will not be included.
4. Any stock not paid for by the client, such as items offered on a “pay for what you sell” basis, should be brought to our attention and will not be included into the stocktake.
5. While counting the stock at retail value, it will be broken down into different commodity groups under standard and zero-rated headings plus a figure for the outstanding news delivery accounts.
6. When the count has been completed, we will deduct the VAT (where applicable) and then either the agreed or trade-recogmised margins to arrive at a cost figure.
7. The figures are then transferred to a summary sheet and a Certificate of Valuation which is then signed by all parties.
8. This is ALL carried out in one day and ALL documents are produced on the day too.
TESTIMONIALS
What our clients say
Lee McCrumlish
LONDIS, BURWASH / TICEHURST
Leigh at Countability came recommended to me from another retailer who has worked with them for a long time. We have always found Leigh and his team friendly and easy to work with. I would have no hesitation in recommending their services.
Tracy Robinson
OFFICE MANAGER, ALBAN LOCKSMITHS
We have been using Countability for several years now to do an annual full stock count, they guys are always so friendly and professional, they are tidy and very efficient at what they do, it helps us to keep control of our stock and allows us to budget for the year ahead. We highly recommend Countability.
Vineet Patel
DIRECTOR, WADY & BRET LONDIS
We first used Leigh from Countability in 2003 when we sold our business in Orpington. We then acquired their service again later that same year when we purchased a new business in Charing, Kent. Since this time we have used Countabilty on a yearly basis to carry out end of year stock takes. Leigh and his colleagues provide a reliable, efficient and professional service which is important to us as a business. Leigh contacts us to book in our end of year stock take so that we don’t have to remember. He works with us to schedule the stock take, understanding the importance of getting the work done without hampering our daily business.