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Why Have Stock Checks?
- Of all the various types of Retail outlets, the Licensed Trade is the most vulnerable. No other business carries such a high taxation rate and the temptations are immense.
- Over 70% of staff employed are part-timers some are used to adding up, whilst others find it very difficult. However, even without staff to worry about the Licensee should know what his gross profit is and not wait until his accountant produces the figures 12 months later.
- Cash registers play a vital part in the control of any retail outlet but the Stocktakers' figures tell the whole story. It is better to have regular stocktaking and no cash register than the other way round.
The Benefits of C.A.B Services
- INDEPENDENT NON BIASED STOCKTAKERS: Our auditors are trained in all aspects of stocktaking and auditing up to I.L.T.S. Standards. We produce reports showing the facts irrespective of the answer.
- CONSULTANCY:
From time to time it is necessary for us to meet our clients and give advice and guidance on various matters which may come to light through the media of our reports.
- QUANTITATIVE STOCKTAKING:
The stock is counted by the bottle size and label, this enables optimum stock levels to be decided on and maintained, thus helping to reduce the burden of any existing overdraft. This could be a substantial saving considering to-days interest rates.
- PROFITABILITY:
The percentage profit of each and every item is shown, thus enabling decisions to be made in order to maintain the required profit level.
- SALES RATIO:
This linked with profitability enables accurate selling price increases to be decided upon FACT, and not SHOT IN THE DARK guess work.
- HIGHLIGHTS PILFERAGE:
Reconciliation of cash received with drink consumed reveals surplus or deficit leading to queries, ie. short deliveries, till over rings and under rings, stock or cash pilferage.
- VERIFICATION:
The auditor will carry out such checks as matching delivery dockets with invoices, to verify the delivery. He will also, by recommendation carry out hydrometer tests from time to time to ensure the quality of the products.
At your service
The Computer Accounting Bureau
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