With end of financial year fast approaching you should be thinking about the value of your stock to ensure you provide accurate end of year figures to your accountant.
It’s also a very good time to review the frequency of stock rotation and perhaps writing off any stock that is obsolete. This is not only good business practice but it’s a critical aspect of any business sale. Business buyers always review the stock value and rotation very carefully. They will only want to pay for stock that can be used in the near future.
If you want to discuss this topic along with other aspects of a business sale, give us a call on 0432 455 183.