Inventory Accounting Services

Inventory Accounting is a critical financial process that focuses on recording, valuing, reconciling and reporting inventory accurately in line with accounting and compliance standards. From raw materials and work-in-progress (WIP) to finished goods, inventory accounting ensures that stock values are correctly reflected in financial statements.

For businesses operating in India and across global markets, effective inventory accounting improves cost control, strengthens cash flow and ensures compliance with IND-AS, IFRS, US GAAP and Local GAAP.

It involves tracking inventory movements and assigning correct monetary values to stock at every stage. Moreover, it ensures that inventory balances reported in books match physical stock and system records.

As a result, businesses gain accurate financial visibility, reduced wastage and audit-ready inventory records.

Why Inventory Accounting Is Important for Businesses

Proper accounting plays a vital role in financial accuracy and operational efficiency.

• Accurate Stock Valuation – Ensures correct reporting of inventory in balance sheets

• Improved Cash Flow – Prevents capital blockage due to overstocking

• Cost Control – Identifies slow-moving and obsolete inventory

• Regulatory Compliance – Aligns with accounting standards and audit requirements

• Better Decision-Making – Supports pricing, procurement and production planning

Services We Offer

Inventory Recording & Stock Accounting

• Recording inventory inflow, outflow and adjustments

• Maintenance of item-wise and location-wise stock ledgers

• Batch-wise and serial-wise accounting

Inventory Reconciliation & Controls

• Physical stock vs book reconciliation

• Warehouse and location-level inventory reconciliation

• Identification and resolution of shortages, excess stock and mismatches

Inventory Valuation Methods

• FIFO, LIFO, Weighted Average and Standard Cost methods

• Valuation support as per Accounting standards

• Periodic valuation for financial reporting and audits

Compliance & Audits

• Audit-ready inventory schedules and reports

• Support during statutory, internal and tax audits

• Compliance with IND-AS 2, IFRS, US GAAP and Local GAAP

Global Inventory Accounting Support

• Multi-location and multi-entity inventory accounting

• Consolidated inventory reports for global businesses

• Alignment with region-specific tax and reporting norms

Benefits of Outsourcing to Us

• CA & CPA-led expertise

• Accurate stock valuation and reconciliation

• Reduced inventory losses and carrying costs

• Audit-ready inventory records at all times

• Scalable support for startups, SMEs, and enterprises

• 24/7 support across multiple time zones

Why Choose India Stat Filing?

At India Stat Filing, we combine accounting expertise with process accuracy to deliver reliable solutions. Furthermore, our structured approach ensures transparency, compliance and improved financial control across your inventory lifecycle.

Our Commitment

We ensure that your accounts remains accurate, compliant and aligned with your business goals. From daily stock accounting to audit support and global consolidation, our team delivers clarity, control and confidence in your inventory financials.

Get Started Today

👉 Optimize stock valuation, strengthen controls and improve cash flow with professional  Services.
📩 Contact India Stat Filing today for reliable and compliant support.