2009 Copyright Patricia Westwood
A stocktake is a process of stock verification in the company and is essential for an accurate valuation of the stock on hand.
Periodic stocktakes are important to ensure that employee till entry and stock inaccuracies are caught and corrected, and that the quantity of liquor and food in your stock at an ideal level.
Following are few another reasons which make it an important process for all licensees.To stop pilferring
Get an accurate picture of profits / losses
Help spot where there is potential for improvement
To increase your profit margin
Periodic stocktakes are important to ensure that employee till entry and stock inaccuracies are caught and corrected, and that the quantity of liquor and food in your stock at an ideal level.
Following are few another reasons which make it an important process for all licensees.
- To identify missing items e. g. spirits, bottles, pints
- Check till receipts match outgoings
ILTSA
