Checking
After the result is completed, you should check the following to ensure it is valid:
Products increasing/decreasing stockholding (single bar)
A sense check of high value items should be carried out to ensure you have not mistakenly counted a packet as a box or vica verca. To do this, look down the opening and closing columns together and compare the figures.
E.G. Here we see the custard has changed from £2.42 to £31.08 as the quantity has gone from 1 to 12. Although this may be correct we should check the count..
1&4 - Does the stock holding figure look reasonable and consistent?
in the example we see it has increased by ~£400 - is this inline with expectation?
2&3 - Are purchases & credits reasonabl and inline with expecations?
5 - Are the allowances valid and reasonable?
6 - Is this the full revenue including VAT for the entire date range?
7 - Is the GP reasonable and inline with expectation?
8 - Are the days stockholdinging reasonable and inline with expectation?
