WHAT IS STOCK REGISTER FORMAT
STOCK REGISTER FORMAT
Stock Register: Stock Register can be outline as document/file/software record that is employed for maintaining company’s stock. It’s based mostly upon live updated of addition of incoming stock (Purchase) and subtraction of issuance stock (Sale). It’s a very important side for any business for Inventory management, preventing shortage drawback and maintaining regular supply of product. Managing Stock might be an integral part of managing an organization. For micro firms or in new start-ups, it’s an enormous challenge because of shortage of employees especially in company field wherever immense variety of merchandise present. Stock management involves receiving, stocking and dispatching etc. Stock register is concept that is to keep company stock record it mostly filled or recorded manually. There are many varieties of stock management however few strategies are normally used. Ordinarily used strategies are:
Stock Management in Excel
Manually Stock Register Book
The information provided in the stock ledger or stock register are as follows
Cost quantities; cost of each unit
Unit quantities: number of units
Date: date of which supply stated
Name of Product
Invoice or bill
Issue
Receipts
Remarks
Stock ledger or stock register sometimes may contain maximum or minimum fields mostly the store ledgers or stock registers are used to track down the current transactions and stored items of the company.
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