Stock Audit · Panaji, Goa
Accurate physical counting and valuation of inventory — raw material, WIP and finished goods — with slow-moving and dead-stock analysis and full reconciliation against your books, for businesses and lenders across Goa.
Overview
Inventory is often the largest current asset on a balance sheet — and the easiest to misstate. An inventory stock audit physically verifies every category of stock, values it correctly, and reconciles it with your records, exposing shrinkage, dead stock and valuation errors that quietly erode profit.
N D Savla & Associates brings disciplined counting, sampling and cut-off controls to inventory audits across Goa. Our findings tighten your accounting, strengthen stock statements to banks, and feed directly into a reliable stock audit for your lender.
What's covered
Physical accuracy, correct valuation, clean reconciliation.
Get a fixed-fee quote →Full counts and sampling of raw material, WIP, finished goods, consumables and spares with independent recounts.
Lower of cost and NRV, checking FIFO / weighted-average method for accuracy and consistency.
Correct treatment of goods in transit, GRNs and dispatches around the count date.
Identification and quantification of non-moving and obsolete stock for provisioning.
Matching physical stock with registers and books, with variance analysis.
Clear findings and recommendations to improve inventory control and reporting.
Our process
Agree locations, SKUs, cut-off and counting method.
On-site counting, sampling and recounts of high-value items.
Valuation review and matching against books and registers.
Variance analysis, dead-stock findings and recommendations.
Frequently asked questions
A physical verification and valuation of all inventory categories — raw material, WIP, finished goods, consumables and spares — followed by reconciliation against the stock registers and books, confirming recorded inventory matches what physically exists.
A mix of full physical counts and statistical sampling by volume, supported by tags, count sheets and recounts of high-value items, with cut-off controls for goods in transit, GRNs and dispatches.
At the lower of cost and net realisable value, using the company's consistent method such as FIFO or weighted average, per the applicable accounting standard. We review the method for correctness and consistency.
Slow-moving stock has low turnover relative to holding period; dead or obsolete stock has had no movement for a long time and may be unsaleable. We identify and quantify both for provisioning and to free up working capital.
It reveals shrinkage, theft, recording errors, mis-posting and valuation issues. Correcting these ensures accurate financials, reliable bank stock statements and better inventory control.
Manufacturers, traders, distributors, retailers, pharma and hospitality businesses with significant inventory — both for internal control and for banks funding against stock.
Stock registers, item master and valuation reports, purchase and sales data, GRNs and dispatch records, the valuation policy and the latest bank stock statement. We provide a checklist before the count.
It depends on SKUs, locations and records. A single location can often be done in a day or two; multi-location or high-SKU businesses take longer. We agree a timeline up front.
Related stock audit services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll plan your inventory audit and deliver a clear, reconciled report — no obligation.