A Stock Audit is essential for businesses that deal with physical inventory. It helps verify the existence, accuracy, and valuation of stock, ensuring proper asset management and minimizing pilferage or discrepancies. At Taxfend, we conduct independent, unbiased stock audits to help you maintain inventory integrity and support your financial and operational decisions.

Whether you’re a manufacturer, retailer, or warehouse operator, our stock audit solutions ensure that your inventory records match actual stock levels—preventing losses and improving compliance.

Our Stock Audit Services Include:

1. Physical Verification of Inventory

• On-site stock counting at warehouses, godowns, and retail outlets
• Matching physical stock with books of accounts or ERP records
• Barcode/serial number matching where applicable

2. Inventory Valuation and Reconciliation

• Valuation as per Cost or Net Realizable Value (NRV) method
• FIFO, LIFO, or weighted average methods based on accounting policy
• Reconciliation of stock differences with explanation and documentation

3. Movement & Ageing Analysis

• Stock movement reports to identify fast-moving and slow-moving goods
• Ageing analysis to detect dead stock, obsolete, or expired items
• Guidance on inventory optimization and space utilization
• 4. Loss & Theft Identification
• Detection of inventory leakages, damage, expiry, or theft
• Suggestive preventive controls to avoid future stock issues
• Review of gate pass, inward-outward registers, and issue-return logs

5. Customized Stock Audit Reports

• Clear, structured audit reports with visual data presentation
• Management insights, risk indicators, and control gaps
• Compliance check for statutory or lender stock requirements

Why Taxfend for Stock Audit?

• Conducted by professionals with experience in FMCG, retail, pharma, and logistics sectors
• Unbiased and independent audit ensuring credibility for banks and stakeholders
• Quick turnaround with minimal business disruption
• Help in setting up best inventory management practices
• Audit formats accepted by NBFCs, banks, and auditors

Who Needs Stock Audit?

• Businesses applying for working capital loans or OD limits

• Companies maintaining large inventories or multiple warehouses
• Retail chains with high-value or fast-moving stock
• Enterprises looking to detect internal control weaknesses
• Startups scaling their inventory base