Happy end of financial year

[Dave A]

I wish everyone a happy end of financial year.

My one is more like hell today, but may you fair better

[daveob]

What a GREAT feeling - I love this internet !!

All the forms are done on e-filing, provisional returns in, VAT done, got myself a huge bonus for the year, all the payments done, all other accounts paid ( so the trial balance will be easy ) and now I can relax for the afternoon and enjoy time with my son, and will sleep easy and soundly tonight.

If you're not having a day like mine, you only got yourself to blame ( or those working for you ).

Warm Regards,

[Dave A]

Two words...

Stock take.

Oh, and a few debtors who weren't quite as diligent about paying their accounts.

[daveob]

OK, DaveA. Understood.

Now I'm going back to playing with the Barney Train Set.

[Dave A]

Now I'm going back to playing with the Barney Train Set.

Nurse!

Have you got any pepper to go with that salt for my wound?

Dave(ob) - I vaguely remember those days. Seems like an age ago, though
Chuffed you're having a good one.

[duncan drennan]

Stock is such a pain in the ass. It is fascinating that we still haven't figured out a better (easier) way to manage it, other than closing everything down and counting it all for a day (or longer...).

Fortunately no worries with stock here....yet. But when I do have it it is millions of little components (no really, I mean tiny!).

[IanF]

Stock take.

Oh, and a few debtors who weren't quite as diligent about paying their accounts.

Dave
I thought stock take was the balancing figure for profit. I try and keep my stock to the minimum. We generally have next day delivery for paper.

[daveob]

of course, stock take would not be required if our systems were super efficient, stock pickers actually did their work properly, and the stock, irrelevant of type, didn't grow legs and follow the pied-piper out the door ( the same piep piper who bitches about staying late to do the stock take, and then moans when profits & increases are down ).

[daveob]

We generally have next day delivery for paper.

that is until the workers at Peters decide to mix up the stock before going on strike and you get 135gsm Magno instead of a ream of 770gsm Triplex Board !!

And again, they moan about having to do the stock take .......

[IanF]

that is until the workers at Peters decide to mix up the stock before going on strike and you get 135gsm Magno instead of a ream of 770gsm Triplex Board !!

I don't buy from Peters they say I am too small, so I mainly use Papercor. Peter's has never impressed me.

[Dave A]

Dave
I thought stock take was the balancing figure for profit.

Unfortunately, my auditors do not agree

Oh well. Survived the day with most of my hair intact. And bonus - a couple of those debtors came through near the end of the day

Now to find out how much stock grew legs since the last count

[IanF]

Unfortunately, my auditors do not agree

Oh well. Survived the day with most of my hair intact.

Dave
First next year go for the shavathon then you don't have to worry about your hair.
To me stock count and valuation is very subjective. If you have an open reel of wire do you count and value it, it depends on your profit. The auditors practice CYA by getting you to sign off 5 times on everything. As the owner you can argue both ways.

[Dave A]

Maybe accountants are CYA, but in a Pty Ltd you also have to survive the materiality test.

Funny you should mention wire - that might be our biggest nightmare. With the price of wire nowadays, I could blow the budget if we didn't include open rolls. Every team has about 10 open rolls each.

I think I'm going to get a scale for the job in future - it will be dead easy that way.