Accounting of ongoing transactions between warehouses, accurate information on the company’s balances
The program creates a complete list of inventories that the company works with on a daily basis. The existence of a database ensures the standardization of accounting and, as a result, duplication of positions is excluded. Entering daily transactions, including downloading consignment notes from the rs.ge portal, choosing inventory from the existing catalog, results in fewer errors and consistently accurate information on current balances. Grouping inventory according to different parameters (size units, price groups, accounting parameters) helps us to analyze the inventory in the company in the desired context.
In SAP you can create different types of physical and virtual warehouses (basic, project, production, write-off, issuance, transit, etc.). One warehouse can request a transfer of inventory from another, the warehouseman will analyze the existing balances, and only then shall record the internal movement to which the relevant consignment note shall be attached. In addition, the existence of accurate accounting balances simplifies the warehouse stock-taking process. The program also reflects the transactions needed for indicating surplus/shortage revealed as a result of the stock-taking, considering tax regulations. As a result of real-time accounting of daily operations related to inventories, we constantly have accurate information on the status of balances in each warehouse.
Through inventory reporting, we can identify the fastest and slowest turning goods, monitor product expiration dates, get complete information on stock values and quantitative balances. In addition, decrypt inventory balances and turnover over a period of time for each accounting report, project, and inventory group. In addition, through product cost simulation, we can analyze what results would company have had if inventories had been accounted for using a different method (FIFO, average).
BDO Consulting LLC, a Georgian limited liability company, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.
BDO is the brand name for the BDO network and for each of the BDO Member Firms.
