A bill of materials for a bakery
Most stock software assumes you buy things and sell the same things. A bakery buys flour and sells bread, which means the stock record has to be able to turn one thing into another — and account for the difference.
stock valuation
6 pieces
Consignment stock: on your shelf, but not on your books
Consignment is a good arrangement badly recorded almost everywhere it exists. The stock is physically with you, so it goes in the count; it is not yours, so it should not be in the valuation. Both of those are true at once.
3 min read
Buying by the carton, selling by the piece
One of the most ordinary things a shop does is also one of the most common sources of a wrong stock figure: buying in one unit and selling in another.
3 min read
Books your bookkeeper can file: stock valuation under IFRS for SMEs
The number your system prints for closing stock is not a fact about your shelves. It is the result of a policy choice, and in Ethiopia that choice sits inside a framework with legal force behind it.
3 min read
Which costs belong in the cost of stock, and which do not
Getting this wrong does not produce an error message. It produces a margin figure that is confidently, consistently wrong, in a direction you will not notice.
3 min read
VAT-inclusive or VAT-exclusive: getting 15% right on a shelf price
Most VAT errors at a counter are not evasion. They are one multiplication done in the wrong direction, repeated a few thousand times a year.