Checking Accounts For Final Inventory Under Perpetual Inventory System

Accountants in many enterprises determine the inventory surplus and inventory losses directly by checking the inventory number and the number of accounts receipts.

This method confirms the procedure is simple, but the accuracy of the confirmation result is poor, and affects the value of the end inventory and the correctness of the current business results.

In general, it is not equal to the number of accounting inventories. In order to correctly calculate the value of inventory and protect the safety and integrity of stock, the accounting department and warehouse should also have the number of stocks recorded according to their needs, except that the supply department should be able to control the amount of inventory that can be allocated or reduced.

In order to calculate the value of inventory, the accounting department must correctly calculate the quantity of stock.

When the number of accounting inventories increases or decreases, the mark is whether to acquire or lose ownership of stock.

China's "enterprise accounting standards" stipulates that the definition of inventory should be marked by the pfer of legal ownership, where the statutory ownership of inventories belongs to the enterprise's stock. Wherever it exists, it should be defined as the inventory of the enterprise. If the statutory ownership of the inventory is not part of the enterprise's inventory, even if it is stored in the warehouse of the enterprise, it will not be defined as the inventory of the enterprise.

Warehousing and storage department records that the increase, reduction and storage of inventories are registered in the form of actual warehousing or outgoing stock. It is a physical inventory.

The difference between accounting inventory and custody inventory is mainly manifested in the following three aspects: (1) purchase has not been purchased, such as acceptance of entrusted sales or custody; second, it has not been sold out, such as withholding, consignment, consignment, etc.

Due to the objective existence of the above differences, the number of storage stocks is very difficult to match with the number of accounting stocks.

Two, with the inventory number as the real number and the adverse consequences of checking with the account number, firstly, it will affect the value of the end inventory, thereby affecting the financial condition of the end of the reporting period.

The correctness of the value of the end inventory is based on the correct number of inventories. Since the number of inventories is not the number of accounting stocks, if the number of inventories is compared with the number of accounts, the accounting is based on the real number. When the number of real accounts is larger than the number of accounts, the inventory surplus is added to the account. When the number of real accounts is less than the number of accounts, the number of inventory losses is reduced.

Because the number of real accounts is different from that of account keeping accounts, the comparison results are incorrect.

Second, the volume of inventory losses will be too large, which will affect the correctness of current profits and losses.

When I tried to check the inventory account of a company, I found that the amount of inventory losses amounted to hundreds of thousands of dollars, because the company had a large number of stocks that had not yet been sold out, and the number of inventory was not seriously recorded.

Due to the difference between the custodial stock and the accounting bookkeeping mark, the number of inventory will be greater than the number of accounts stored in the case of purchase and sale without storage. If the inventory is not sold, the number of inventory will be less than the number of accounts, resulting in a virtual increase in inventory losses.

According to the current accounting system, the value of inventory surplus is approved and processed, and the management cost is reduced. The value deduction of inventory losses should be debited by individuals and insurance companies, which will inevitably affect the correctness of the profits and losses of this period.

Third, can not objectively reflect the warehouse keeping department's performance and existing problems.

Due to various reasons, it is difficult to avoid the situation of inventory surplus and inventory losses, but it can still reflect the work quality of the depository to a certain extent: for example, the number of inventory losses is small, indicating that there are fewer errors in delivery and delivery, fewer errors in pceiver and measurement, and better quality of work. Otherwise, the quality of work is poor.

It will be difficult to evaluate the quality of the work of the warehousing staff if it has been purchased, sold and sold out as inventory or will not be sold out.

Fourth, it is easy to cause out of stock inventory cycle.

It is very difficult for the accounting department to control the portion of the assets after comparing the number of inventories with the number of accounts.

Three, how to carry out the checking of the quantity of the inventory and check the accounts correctly. The custodian, the accountant and the supply department should take seriously the changes in the inventory, and register the accounts in time according to their respective accounts, perpetual inventory.

Then check according to the following steps: (1) check the actual inventory number of the storage stock, and compare the number of the actual number of the storage stock with that of the storekeeper, so that the inventory and inventory losses can be realized, so as to ensure the responsibility of the storage department and personnel. Secondly, confirm that the purchase and sale of the warehouses have not been out of stock, and the number of outstanding inventories has been sold out. According to the following formula, the number of accounting inventories is adjusted: the number of accounting inventories is kept.