Here is an update to my 2022 post on this topic.
Never pay an outside party to do your stocktake and never do a stocktake outside of your POS software. Outside stocktakers cost more than it would be for you to do it yourself.
The most accurate stocktake result for any retail business is doing it yourself, using your POS software.
Actually, if you properly use your POS software, it’s unlikely you will need to do a full stocktake on or around June 30. But in case you do …
This time last year, I got together with one of the stocktake experts at Tower Systems to discuss this and answer common stocktake questions we are asked.
Again …
- Don’t use an external stocktaker.
- Do your stocktake yourself.
- Use your POS software to record, live, m the stock count.
This is the best approach for maintaining accurate stock on hand data and for valuing stock prior to a change of hands of the business.