Stock Audit

Stock Audit Services

Accurate Inventory – Stronger Control – Smarter Business Decisions

Stock or inventory is a critical component of every trading, manufacturing, or service-based business. At Tax Craft Services, we offer independent Stock Audit and Inventory Verification Services to help you track, monitor, and manage your stock effectively. These audits are essential not just for financial accuracy, but also for operational efficiency, business transparency, and decision-making.

We offer this service to businesses of all sizes, including traders, retailers, manufacturers, warehouses, wholesalers, service units, and distributors.

What is Stock Audit?

A Stock Audit is a physical verification and assessment of inventory on hand, matched with books of accounts and records. It helps in:

  • Identifying excess, shortage, or obsolete stock
  • Preventing pilferage and manipulation
  • Improving stock rotation and valuation accuracy
  • Ensuring proper documentation for financial reporting
  • Assisting in better purchase and sales planning

Our Stock Audit Services Include:

1. Physical Verification of Stock
  • Regular or surprise checks at your premises
  • Barcode or SKU-based verification (if applicable)
  • Department-wise or item-wise count
2. Stock Reconciliation with Books
  • Matching physical stock with accounting records or inventory software
  • Identifying differences and reporting discrepancies
3. Valuation of Inventory
  • Assistance in correct stock valuation methods (FIFO, Weighted Avg., etc.)
  • Identifying slow-moving or non-moving items
4. Inventory Management Audit
  • Review of storage, categorization, and warehouse layout
  • Suggestions to reduce wastage, damage, and inefficiency
5. Compliance-Based Stock Audits
  • Stock statements for bank funding or CC limits
  • Reports required by NBFCs or lenders
  • GST or income tax-related stock verification
6. Higher Market Value of the Final Product/Service
  • Location-wise stock reports
  • Category-wise stock movement analysis
  • Alerts on expiry, reorder levels, and fast-moving items

Industries We Serve:

  • FMCG & Retail Businesses
  • Electrical, Hardware & Construction Supply Traders
  • Manufacturing & Assembly Units
  • Textile & Garment Shops
  • Pharma, Chemical & Medical Suppliers
  • Automobile Parts Dealers
  • Wholesalers, Distributors & Supermarkets
  • Warehousing and Logistics Units

Why Choose Tax Craft Services?

  • 25+ Years of Expertise in Accounts & Taxation
  • Independent and unbiased reviews
  • Timely and professional service
  • Cost-effective and scalable for small businesses
  • Detailed reporting with action points for better inventory control

Note: We are not providing statutory or company law-mandated audits. Our Stock Audit service is a voluntary and management-supportive review, carried out by professional tax and accounting consultants to help businesses optimize stock and control leakages.

Let’s Talk Ready to take control of your inventory? Contact us today to schedule a visit or request a customized Stock Audit package for your business.