Warehouse Stock Card

According to the First-In, First-Out (FIFO) accounting principle, you can manage inventory one option of keeping track of inventory is the warehouse stock card, a ledger that tracks purchases, sales, returns, and other drawings. It tracks the unit price and inventory counts, Supplier Code, Supplier Name, Period, Verified by, Verified date, Date, Item code, Item name, Unite price, Card quantity, Counted quantity, Difference, Notes, Signature, etc. Including stock control: maximum quantity, minimum quantity and reorder level.

The Stock cards provide a system that records all stock movement and which allows someone to compare the stock balance on record with the actual physical stock present. This is termed “stock-taking” or “stock-counting”, and will identify stock losses or the disappearance of items.