WHAT IS STOCK REGISTER FORMAT

Posted on 27th Jul 2018 | 28993 views

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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 Ledger Format

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.

SAMPLE

Stock Ledger Format

Manually Stock Register Book

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