SALES INVENTORY PROCEDURE
Introduction:
Each month, we diligently conduct a comprehensive sales inventory for both SKS and Parknshop, aimed at maintaining meticulous control over our assets.
Allocation of Accessories:
Upon the acquisition of new accessories, an equitable distribution is established between SKS and Parknshop to optimize resource allocation.
Recording New Additions:
Initiating the inventory process, we meticulously incorporate the recently acquired accessories into our existing inventory records, ensuring a seamless continuity of data.
Sales Documentation:
As accessories are sold, meticulous records are maintained within a structured sales booklet. This document comprises a tabular format encompassing essential details such as the customer's name, purchased item, quantity, transaction date, and mode of payment. This meticulous documentation facilitates an accurate overview of our sales activities throughout the month.
Stock Adjustment and Verification:
Subsequent to a sale, the corresponding number of accessories is duly deducted from the inventory, reflecting our commitment to precision. Concurrently, we meticulously cross-verify the remaining quantity on the shelf to confirm congruence between recorded data and physical presence, a process diligently executed for each individual sale.
Unsold Accessories and Shelf Reconciliation:
Accessories that remain unsold are systematically enumerated to validate the alignment with recorded quantities, maintaining the equilibrium between virtual and physical stock levels.
Reporting Discrepancies:
In the event of any observed discrepancies in quantities, we promptly notify Mrs. Kenny, the designated authority overseeing this process, thereby upholding a robust system of checks and balances.
Records and Verification:
Upon the conclusion of the counting process, a visual snapshot of the meticulously maintained inventory booklet is captured and expeditiously shared with Mrs. Kenny. This step reinforces our commitment to maintaining accurate records and conducting thorough verifications.
In summary, our monthly sales inventory procedure exemplifies our dedication to precision, accountability, and efficient asset management, aligning seamlessly with our corporate ethos