Inventories are real, concrete, i.e. movable and immovable goods. form the commercial flow of a person or a company. These goods are for sale, hence the nature of trade, or for consumption of goods and/or services.
Inventories are carried out in a given period of time. If a company is trading, their livelihood is always the buying and selling, i.e. the exchange of goods and services. With the inventory the company carries a thorough merchandise control while the shopping period, and at the end of this is the “bottom line”, that balance is comparable with other years and serves to draw conclusions and then take certain actions depending on the outcome. When the goods are counting is for determined period economic, is necessary that listed in the Group of “active circulating”, this wants to tell that is all the merchandise to the cost that is in hands of a company.
The concept of inventory has to do with accounting, that it is a system of control and record of earnings (income and expenditures), as well as economic operations, in this case made by a company or association, reflects financial movements they perform.
The direct relationship between the inventory and the accounting is the core of the trade. The companies before mentioned as commercial should carry without missing a tenacious control in their operations, the inventory provides information summary and also concrete on them actions of buy and sale of goods or services.
Specific information has pillars on which it is supported. For example, each inventory has inside:
The initial inventory, there begins to place the valuation of the merchandise that you have when the accounting period begins.
Purchases represent the goods acquired by the company in order to market it.
Returns and the shopping expenses.
They Sales are the transfer, in this case, a good to another person upon payment of a price already agreed.
Goods in transit (they are those that are on their way to reach the company but which have not yet arrived).
Goods on consignment which do not belong to the company, and finally
The final inventory, which is a comparative analysis of the goods at the beginning of the period and at the end of the same, where shows results of earnings and also registered losses.
Types of inventories
Although it is not the same inventory for all types of enterprise, inventories vary depending on the specialty or peculiarity of each company. Not all are dedicated to the same thing and it is that which corresponds to an inventory according to their goods. Some are dedicated exclusively to the sale of products made and to these them correspond inventories of products finished.
Different is a inventory of materials raw, which are the elements that a time processed will be a product. There are products that not is found in a State of matter prima or of product finished, are in a process intermediate, i.e. that is are taking to out or forming is, and to these les corresponds an inventory given, in this case the inventory of products in process of manufacturing.