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The perpetual inventory stocks

The inventory management software is a recurring accounting of inventory accounts which, by recording the movements, are able to know, constantly throughout the year, the existing numerical quantity and value. These figures are theoretical, however, since in true to life, there are distinctions due to al breaks, flights.

We differentiate stocks of items bought (items, raw materials, consumables) stocks of manufactured products.

Stocks for the 1st type, there will definitely be a paper (invoice) that will certainly enhance their value. For others, it is an internal calculation to the provider allows.

There will certainly be two things to review: the 1st entries and exits on the further.

The evaluation of stocks of inputs

For items purchased, the entrance is in-stock at expense, ie the net purchase price excluding tax increased direct prices of buying and indirect fees such as cost center supply analysis.

For manufactured items, the entry of items in stock is the fee of creation, ie the rate of materials taken increased direct charges of creation and overhead fees

In practice, it is required to fit on a stock card for each category of "items". This form is in fact an account that will appear in its flow, amount and value, the preliminary stock of the study period and the different accesses.

Analysis of withdrawals

All items stored from the warehouse rate at which it entered.

This is the guideline enacted by the General Accounting Plan, however it assumes that each product is identifiable and perfectly individualized by the business.

In the case of products purchased or produced in multitudes and not individualized (described as fungible) the guideline is inapplicable.

In practice, we will definitely preserve the stock card, which will certainly record to his credit, in quantity and value, the outputs of the study duration, the account balance is then the final stock.

The balance still debtor is a theoretical balance.

Thus, we obtain the following formula:

Beginning Inventory + Sum = Amount of inputs + outputs final stock