Inventory accounting

Inventory accounting

An inventory accounting is a reconciliation of the availability of an organization’s property and the status of its liabilities at the required time with the actual accounting data. An inventory accounting is a popular type of service that is in demand both among small and large companies. The employees of our company have all the necessary knowledge and skills to perform the amount of work you need in a short time and with proper quality. The developed methods, compliance with legislative norms and instructions allows you to take an inventory of property, receivables and credit debt recognition, a liability recognition and any other services you need quickly and efficiently. We provide inventory services both in Minsk and on the territory of the Republic of Belarus.

It is mandatory to conduct a liability and assets recognition by an organization:

• upon liquidation or reorganization;
• when changing financially responsible persons;
• upon detection of facts of damage and (or) theft of property;
• before preparing annual reports;
• in case of emergency;
• in other cases, in accordance with the legislation of the Republic of Belarus.

According to paragraph 7 of Instruction No. 180, before preparing the annual financial statements, a liabilities and assets recognition should be carried out in the following periods:

• not earlier than November 1:
• fixed assets, intangible assets, materials, raw materials, construction in progress, finished products, goods for sale;
• rearers and fatteners;
• work in progress and semi-finished products;
• not earlier than December 1:
• liabilities and other assets;
• Money.

For many years, our company Ming You, LLC has been helping organizations conduct the correct inventory accounting, as a result they not only receive the current status of their assets and liabilities, but also identify obsolete assets. The main goal of our company is to save you from routine work so that you can focus on your main goal!

Photo Archive