What is a stocktake?
For a detailed tutorial on Stocktakes, please see our Introduction to Stocktaking
Stocktaking is essentially the act of physically counting your material and product stock. In doing this regularly, you'll be able to see your exact stock on hand and identify any issues with your production processes.
As Craftybase is perpetual inventory software, stocktakes should be created on a regular schedule throughout the year using a Cycle Count approach. This means that instead of counting all stock at the end of the year, you will count small samples of your stock weekly or monthly to ensure you are accurate with your usage and purchase records.
Stocktakes can be created via the Stocktake area ( How do I add a Stocktake?) - this will allow you to select criteria to generate a list of your materials to count. When the stocktake has been generated, a page will display to allow you to enter in your physical count.
Any differences in your count will be added automatically as an Inventory Adjustment and your accuracy will be calculated and presented as a rating. This will allow you to see if any of your stock differences require further investigation ( How is the Stocktake Accuracy Rating calculated?).
For more information on why stocktaking is important to your handmade business, download our free Stocktaking Strategies for Handmade Success eBook.