Glossary
Stocktake
A stocktake is counting every item in the shop at one time and comparing it with the records.
What it means for a shop owner
It is usually done at year end or at closing to value stock. It differs from a cycle count, which counts a small part each day. Pause selling during it or record movements carefully.
A worked example
You count 1200 pieces and the record says 1215, so you settle the 15 shortage.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes