Bookkeeping & Bank Reconciliation
Starting from
₹2,999one-time
18% GST extra on professional fees
- Entry of sales, purchases and expenses
- Bank reconciliation for one account
- Ledger and trial balance
- Up to 300 vouchers
+ 2 more in this plan
Accounting & Audit
Stock Audit
Physical verification and valuation of inventory, receivables and drawing power for bank stock audits and internal stock control.
- From ₹7,999 / engagement + GST
- 5-10 working days from the count date, depending on locations and report format
- Confidential handling
About Stock Audit
If you borrow against stock, your lender will want to know it exists, is saleable and is worth what you say. Even without a loan, a stock audit shows how much capital is sitting in slow or missing inventory. We count, value and report in a form lenders and owners can act on.
What is Stock Audit?
A stock audit verifies the quantity, quality, ownership and valuation of inventory physically held, and compares it with the stock register and the stock statement submitted to the bank. It also reviews receivables, creditors for goods, insurance, storage conditions, and the calculation of drawing power for cash credit or OD accounts.
We plan the count, observe or conduct the physical verification, reconcile differences between book and physical stock, assess ageing, obsolescence and damaged items, and report observations with recommendations. Reports can be prepared for the lender or only for internal management, depending on the purpose.
Who needs this service?
You may need it if any of these describe you.
- Borrowers with cash credit, working capital or packing credit limits
- Manufacturers, traders and distributors with significant inventory
- Retailers with multiple outlets or warehouses
- Businesses suspecting stock shrinkage, pilferage or poor records
- Companies preparing for a sale, merger or investor review
Benefits
True stock position
Quantity and value are confirmed by physical verification, not only by book records.
Lender-ready reporting
Report formats suited to the bank's stock audit and drawing power requirements.
Slow-moving stock identified
Ageing and obsolescence analysis shows where working capital is stuck.
Loss and leakage detection
Differences between book and physical stock are investigated, not just noted.
Better controls
Practical recommendations on storage, issue and receipt, and counting procedures.
Types of Stock Audit
Bank stock audit
As required by a lender for working capital limits, with drawing power and stock statement review.
Stock and book debts audit
Covers stock together with receivables ageing and margin requirements.
Internal physical verification
Management-requested count with reconciliation and shrinkage analysis.
Year-end stock counting support
Observation and support for year-end count for the statutory auditor.
Multi-location stock audit
Simultaneous or sequential verification across warehouses and stores.
Eligibility requirements
- Any business holding inventory, whether goods for sale, raw material, work in progress or finished goods.
- For bank stock audits, the lender's panel and eligibility conditions may apply; the bank may prescribe who can carry out the audit and the format of the report.
- Stock records and the last stock statement should be available before the count.
Documents required
Keep these ready to avoid delays. Send scans or photos over WhatsApp - never share passwords or OTPs.
Stock records
- Stock register or inventory report with quantity and value
- Latest stock statement submitted to the bank
- Purchase and sales invoices for the period
- Goods-in-transit and consignment details
Loan details
- Sanction letter and terms of the facility
- Margin and drawing power calculation
- Previous stock audit report, if any
Other
- Insurance policy on stock
- List of godowns and locations
- Valuation method and inventory policy
Step-by-step process
- ScopingWe fix locations, date of count, scope and the report format required by the lender.
- Pre-count reviewRecords, cut-off arrangements and counting teams are prepared.
- Physical verificationItems are counted or test-counted, checked for condition and compared with records.
- Reconcile and valueBook-to-physical differences are analysed and stock is valued as per the stated policy.
- Receivables and DP reviewWhere applicable, ageing of debtors and drawing power are reviewed.
- ReportFindings, differences and recommendations are issued in the agreed format.
Applicable rules & regulations
Plain-English notes. Always verify against the official notification.
| Section / rule / form | What it means |
|---|---|
| Lender's sanction terms and RBI guidelines | Bank stock audit requirements depend on the facility terms and the lender's internal policy. |
| Section 143(1) and CARO 2020 clause (ii) | The statutory auditor reports on physical verification of inventory by management and on discrepancies of 10% or more in aggregate for each class of inventory. |
| AS 2 / Ind AS 2 | Inventories are valued at the lower of cost and net realisable value, with the cost formula disclosed. |
| SA 501 | Auditors obtain evidence on inventory, including attending physical stock counts where appropriate. |
Important due dates
Statutory dates can be extended by notification - check the official portal before relying on them.
| Activity | Due date |
|---|---|
| Bank stock audit | As stipulated by the lender - often half-yearly or yearly |
| Year-end physical verification | Around financial year-end, as decided with the auditor |
Transparent pricing
Plans from our Accounting Services Pricing list. Government charges and GST are shown separately.
Financial Statements
Starting from
₹4,999/ year
18% GST extra on professional fees
- Profit and loss account and balance sheet
- Depreciation schedule
- Closing stock and adjusting entries
- Notes to accounts (basic)
+ 2 more in this plan
Tax Audit (Section 44AB)
Starting from
₹7,999/ year
18% GST extra on professional fees
- Tax audit report in Form 3CB-3CD / 3CA-3CD
- Examination of books and clause-wise disclosures
- TDS and GST compliance cross-check
- Reconciliation with financial statements
+ 2 more in this plan
Statutory Audit
Starting from
₹14,999/ year
18% GST extra on professional fees
- Audit under the Companies Act / LLP Act as applicable
- Audit planning, vouching and verification
- Independent auditor report and CARO review
- Board / partner observations letter
+ 2 more in this plan
Package comparison
| Feature | Bookkeeping & Bank Reconciliation | Financial Statements | Tax Audit (Section 44AB) | Statutory Audit |
|---|---|---|---|---|
| Bookkeeping entries | Up to 300 | |||
| Bank reconciliation | ||||
| P&L and balance sheet | Reviewed | Audited | ||
| Audit report | Tax audit | Statutory | ||
| Depreciation schedule | ||||
| Portal filing of report | Support | |||
| Management letter |
Government fees & professional fees
We never mark up government payments.
Professional fee
From ₹7,999 per engagement for a single location with moderate stock. Fees increase with number of SKUs, locations and complexity, and are confirmed after scoping.
Government charges
No government fee applies. Any fee prescribed by a lender for empanelment is separate and paid at actuals.
Other costs
Travel, accommodation and temporary counting staff, where needed, are charged at actuals with approval.
Lender-specific stock audits may need an auditor empanelled with the bank. Please confirm the bank's requirement before engaging.
Deliverables
What you receive from us.
- Stock verification sheets
- Book versus physical reconciliation
- Ageing and slow-moving stock analysis
- Drawing power review, where applicable
- Stock audit report with recommendations
Turnaround time
5-10 working days from the count date, depending on locations and report formatTimelines assume complete, correct documents and, where applicable, timely action by the government portal or authority.
Why choose SK Wealth Tax Advisor?
- Experienced Professional SupportEvery file is handled by a person who knows the rules, not a call centre script.
- Transparent & Affordable PricingProfessional fees, government charges and GST are shown separately.
- Timely Filing & ComplianceWe track due dates for you and remind you before they arrive.
- Complete Business SolutionsRegistration, accounting, tax, ROC and licences under one roof.
- Digital & Paperless ServicesShare documents securely online. No office visit needed.
- Personalized Tax PlanningAdvice based on your income, goals and the regime that suits you.
Stock Audit - FAQs
Do all borrowers need a stock audit?
It depends on your facility and the bank's policy. Banks commonly require one for larger working capital limits; your sanction letter will say.
Can you audit stock without stopping operations?
Often yes, by using cut-off controls and test counts. Heavy movement is handled by choosing quiet hours or doing a staggered count.
What if physical stock is less than book stock?
The difference is analysed for causes such as unrecorded sales, wastage, theft or errors. We report it with recommended entries, not hide it.
How is stock valued?
As per your stated policy and accounting standards, generally at the lower of cost and net realisable value, with obsolete and damaged items identified.
Can this be used for the annual audit?
Our work may help the statutory auditor, but the auditor must form an independent opinion and may do their own testing.
Get started with Stock Audit
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Contact us
- +91 98765 43210
- Chat on WhatsApp
- info@skwealthtax.com
- A-123, Sector-18, Rohini, New Delhi – 110085
- Mon – Sat: 10:00 AM – 7:00 PM