3 Ways accounting and inventory simple most accurate

Posted on by Mai Hương

Accounting of goods stored in the warehouse is one of the most important tasks in the accounting business. This article Accnet will guide in detail how accounting, inventory, help businesses understand the principles, the implementation process. At the same time, the optimization solution process accounting will be proposed to business can manage more effectively.

1. The concept of “accounting of inventories” what is it?

Accounting for inventory is the process of recognition, tracking and processing of information related to the value and quantity of inventory at a specific time. This helps businesses know status of mobile assets and effectively manage their resources.

The role of accounting in this financial management business:

  • Provides accurate data on the assets in the enterprise
  • Help business determine the amount of cargo necessary import, export or production
  • Limit wasted because of the long backlog, shortage of goods production service business.
hạch toán hàng tồn kho

2. How accounting and inventory simple most accurate

2.1. Accounting inventory in process, enter the warehouse

Documents required:

  • Receipt.
  • Purchase invoices.
  • Record validation goods.

Accounting: value goods enter the warehouse are recorded in the account in accordance:

  • TK 152 – Raw materials, materials: If the input is the raw material production.
  • TK 156 – goods: If the goods is commodity trading.

At the same time, the cost of shipping, handling or other costs related other is recorded on the value of goods entering the warehouse.

For example:

  • Business income 1,000 products with the price 10.000 VND/product. The shipping cost is 2.000.000 VNĐ.
  • Total value of warehouse import: 1.000×10.000+2.000.000=12.000.000 VNĐ

Accounting:

  • Debt TK 156: 12.000.000 VNĐ.
  • Have TK 331 (Must be paid by the seller): 12.000.000 VNĐ.
hạch toán hàng tồn kho

2.2. Accounting inventory in process export warehouse

Documents required:

  • Warehouse.
  • Command export warehouse or request export warehouse.

Accounting: value goods inventory is credited to the account:

  • TK 632 – cost of goods sold: goods sold.
  • TK 621 – material Costs, direct material: The raw materials used in production.

For example:

  • Business for sale 500 products with the capital 10.000 VND/product.
  • The total value of stock: 500×10.000=5.000.000 VNĐ

Accounting:

  • Debt TK 632: 5,000,000 VND.
  • Have TK 156: 5,000,000 VND.
hạch toán hàng lưu trữ trong kho

2.3. Handle inventory, end of period

Determine the inventory value, end of period:

  • Made from an actual inventory to compare with the books.
  • Using the method of inventory valuation to calculate the value remaining.

Adjusted difference:

  • Surplus goods: accounting increase property value.
  • Daily cute: accounting for expenses or determine the compensation liability.
  • For damaged goods: accounting to cost management, business or production costs.

For example: After the inventory and discovery, teen, 50 products, each products worth 10,000 VND. Total missing value: 50×10.000=500.000 VNĐ

Accounting for inventory:

  • Debt TK 1381 (lack of Assets awaiting disposal): 500.000 VNĐ.
  • Have TK 156: 500.000 VNĐ.
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3. Principles of accounting store in the warehouse

3.1. Compliance with accounting standards

Accounting standards in Vietnam (VAS): According to VAS 02 – inventory, the recognition and accounting of inventory must reflect the actual value.

The important account related to inventory:

  • TK 151 – Goods in transit: Recorded value of purchased goods, but not on stock.
  • TK 152 – Raw materials, materials: Recording of raw material production service.
  • TK 153 – tools and instruments: recognition working tools small supplies support.

TK 155 – Finished products: Recorded finished product in manufacturing enterprises.

  • TK 156 – cargo: Recorded goods imported to business.
  • TK 157 – Goods on consignment: Recorded value of goods sent for sale but has not been confirmed revenue.

3.2. Principle of consistency

  • Business must adopt a method of accounting of inventory during the accounting period.
  • The inventory value must be recorded according to the principle of the original price (purchase price + cost related).
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4. Errors frequently encountered in accounting for inventory

4.1. Accounting inventory the wrong account/not correct actual value

Causes:

  • Input the wrong data value or quantity.
  • Misunderstand the function of the account accounting.

Consequences:

  • Financial reports are not correct.
  • Deviations in the calculation of cost of goods sold.

4.2. Teen vouchers, incomplete information required

Causes:

  • Process internal control weakness.
  • Hr has not mastered the required stock from accounting.

Consequences:

  • Cause difficulties in collating, inspection/inspector of finance.
  • Increased risk of errors/loss of property business.

4.3. No inventory periodically, leading to a discrepancy in the data

Causes:

  • Skip inventory due to lack of time/resources.
  • Warehouse management system is not in sync with reality.

Consequences:

  • Inventory books other far from reality.
  • Easy to incurred losses/goods of poor quality.

4.4. The influence of choosing the wrong method of inventory accounting

Causes:

  • Choose the method does not fit the particular business.
  • No consistency in applied between the accounting period.

Consequences:

  • Falsifying inventory value and profit.
  • Cause difficulties when financial analysis, decision making strategies.

5. Optimization solution accounting, inventory for business

Phần mềm Accnet Kho là công cụ tối ưu hóa được thiết kế đặc biệt cho doanh nghiệp Việt Nam.

Feature highlights:

  • Manage inventory in real time with high accuracy.
  • Full support of the accounting method of inventory: FIFO, weighted average, the destination list.
  • Reports, automatic, intuitive, easy to track key metrics.

Advantages:

  • Friendly interface, easy to use for all subjects.
  • Support integration with other systems in order to sync data.
  • Our team of customer support professionals to answer any questions.

Sign up free advice and buy warehouse management software Accnet Kho ngay hôm nay!

PHẦN MỀM ACCNET KHO

Phần mềm Accnet Kho a comprehensive solution, business support, inventory control closely, improved performance, enhanced competitiveness.

Benefits highlights:

  • Track quantity, condition, value of goods in real time.
  • Process input – output – inventory automatically, limiting errors, accurate data.
  • Increased processing speed, support lookup the fast, accurate.
  • Provide reports, intuitive, easy to understand, decision support fast.
  • Smooth connection with the ERP system, accounting, sales.

Phần mềm Accnet Kho – the perfect solution to help businesses optimize operation, save time and cost. Experience software today!

Hạch toán hàng tồn kho là một phần không thể thiếu trong quản lý tài chính của bất kỳ doanh nghiệp nào. Với giải pháp phần mềm Accnet Kho của Lạc Việt, doanh nghiệp có thể yên tâm hạch toán hàng lưu trữ trong kho hiệu quả hơn, từ đó tập trung vào các hoạt động phát triển kinh doanh.

CONTACT INFORMATION:
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  • 🏢 Head office: 23 Nguyen Thi huynh, Ward 8, Phu Nhuan District, ho chi minh CITY.CITY
  • ☎️ Hotline: 0901 555 063 | (+84.28) 3842 3333
  • 📧 Email: info@lacviet.com.vn
  • 🌐 Website: https://accnet.vn/
Mai Huong
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The editor for the accounting of Vietnam with over 5 years of experience. Stand out with the ability to analyze profoundly the accounting regulations, tax policies, standards financial statements. Read more >>>

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