Almost all companies are obliged to carry out an inventory at least once a year. The determined values of the inventory are recorded in the inventory.
The inventory therefore provides the company with a detailed overview of all items and quantities in the company. However, a well-managed inventory is not only important for the annual financial statements. A well-managed inventory also provides information about the current stocks of the company.
COSYS supports companies with its software solutions in this area. The COSYS inventory module is suitable for recording all inventories. To have a regular overview of the stocks, the inventory management and warehouse management is suitable.
A balance sheet compares all of a company´s assets and capital items as of a given date. The balance sheet is a main component of the annual financial statements. The balance sheet total must be balanced. Assets (fixed assets and current assets) must be equal to capital assets (debt and equity). The values of the balance sheet are read from the inventory.
All assets and liabilities of a company are recorded in the inventory. The items are recorded individually according to type, quantity and value and then totaled. It is therefore a detailed inventory. The inventory is prepared in staggered form. This means the assets and liabilities are listed one below the other. The structure of the inventory is divided into three areas: 1.) Assets, 2.) Debts 3.) Net assets (equity), which is calculated from the difference between assets and debts. The two items assets and liabilities are subdivided again. Assets are divided into fixed assets and current assets, and the items are sorted in ascending order of liquidity. And the debts are divided into long-term and short-term debts. They are arranged according to maturity. The assets and liabilities are determined with the help of an inventory.
The inventory of a company is determined with the help of the inventory. The inventory must be taken at least once a year. As a rule, this takes place at the end of the fiscal year on the balance sheet date. However, an inventory must also be taken when a company is dissolved or sold, and when a company is founded or taken over. During the inventory, a physical stocktaking of all objects of the company takes place. This recording is done by counting, estimating and weighing. For items that cannot be physically recorded, such as loans, the values are taken from accounting documents. Inventories must be kept for ten years.
Software can greatly facilitate the unloved inventory. With COSYS Inventory you can easily record all items. The work is especially facilitated if all items have barcodes for recording. Therefore, it is also useful to provide all items of fixed assets with an inventory label. This way, the item can be quickly recorded and directly assigned.
Retrieve item information
Insight into the article movement
Use of MDE devices, smartphones and tablets as mobile terminals
Manage the inventory
Digitize inventory management
Maintaining the inventory
Efficient design of incoming and outgoing goods
Perform inventory through item code scan
Trace stock transfers
Promoting customer loyalty
Time savings thanks to effective processes
Versatile applicable
Optimization of resource allocation
Can be used independent of platform
As a stand-alone solution or with interface to all common or industry-specific ERP systems / enterprise resource planning systems
Creation of an optimal basis for consultation by retrieving article information
Time saving inventory
Optimization of the flow of goods
End of a paper and pen economy
The COSYS inventory solution offers a choice of many software modules from which you can assemble the perfect solution for your company. This modular structure allows an individual configuration of our inventory software, which can be customized according to companies and industries. Convince yourself!
COSYS offers you the possibility to print inventory labels for you. To do this, we only need the list of all items and the corresponding inventory number. Our technicians can already produce labels in your desired size. Alternatively, COSYS offers the possibility to print inventory labels yourself via the software. In addition to the software, COSYS offers the hardware (printer & MDE devices) and consumables (labels, transfer ribbons, etc.).
Let us make inventory as easy as possible for you and contact us for more information.
