Received a TB from a client, first year of holding property stock and it shows the BS with stock of say £250k but not closing stock figure in the P&L.
We have a client who has three small retail outlets selling products in the £20 - £200 rrp range.
I have a client who publishes technical books so they are more likely to stay in date for several years and presumably more easily changed if held electornically
There are hundreds of accounting packages on the market, but once you start looking for specific stock functionality, the options start to reduce.
One of my clients (a wine trader) had year end stock in a bonded warehouse. The valuation obviously includes cost plus freight, storage and duty paid up front (on beers).
Firstly apologies if this is covered elsewhere I did have a good look but could not find anything - first time posting.
Due to the new Clarified auditing standards which are now beginning to bite for audits of accounts for periods ending on or after 15 December 2010, the Auditing Practices Board (APB) is startin