INSTRUCTIONS FROM CLIENT:- To provide Client’s Accountant with Year End Valuation of Wet & Dry Stock & to provide Client with Yearly Barrelage report.
ACTION TAKEN:- Both wet & dry stock were counted & any changes to product costs were updated. A detailed, itemised valuation was produced after the close of business at the end of the financial year. This enabled both the Client & his Accountant to make meaningful accounts with accurate figures. It provided the Client with accurate & on-going valuations of stock which were useful for insurance polices & for formation of future trading policy. In addition, the Barrelage report was an extremely useful tool for negotiating barrelage discount & possible Advance Barrelage Discount as well.
If you have any queries about this service, please do not hesitate to contact us.