Purpose of the manufacturing inventory
Why is the inventory of equipment at the enterprise required?
- You count, weigh and measure items. You determine the actual availability of the assets to ensure their safety. In the future, the quality and quantity of products will depend on this.
- You are takinginventory of goods in process.. You set their quantity for canceled or suspended orders.
- You compare and analyze the actual data obtained with synthetic accounting. You identify items unaccounted for by bookkeeping. You determine where there are surpluses or shortages, what caused them.
- You estimate the cost of goods and materials taking into account their market price and current physical condition.
- Monitoring of the conditions of storage of securities, cash and inventory items. Detection of inappropriate use of materials.
Detected surpluses are often entered in records at market value. Shortages are either compensated by financially responsible persons or written off the manufacturing. Inconsistencies are eliminated, and the data is updated.
Features of manufacturing inventory
Take an inventory according to the terms of reference agreed with the owner. During the inventory of equipment,you divide sites into structural divisions, zones, warehouses, workshops, etc.
It is also important to check the inventory items on off-balance-sheet accounts to which the company has no ownership rights. When adjusting the inventory of production waste and material consumption, you should follow 2 rules:
- Complete the inventory before signing the reports and submitting them to the tax office.
- Comments on correcting errors are should be put under the end date of the inventory. Or December 31 of the reporting year is indicated. You will not be able to make changes to the submitted reports. In this case, the errors will be corrected in the current year.
Subject to the results of the technical inventory of the equipment adjust the accounting documentation in accordance with the updated information. Make a detailed report on the results and write recommendations.
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