Diary Entry 12: End of financial year

As the financial year comes to close, we are currently in preparation for the companies forth coming final accounts. The main aspect of this so far is the dreaded stock take that was undertaken a couple of days ago. This was done rather early this year due to the fact that we were days away from opening trade at the golf club. As the club and our other businesses will use combined stock, it was vital we counted the stock prior to the opening of the golf club.

Every bit of stock from dry to frozen food had to be counted and recoreded, as well as all alcohol and sprits. It was a very boring few days but something that is essential. It was becoming increasingly clear throughout the stock take that we had large amounts of unused stock that was going to be difficult to sell. This had been noticed by our boss and was something he was going to address.

What followed was a discussion between my self, the company manager and the owner. The main topic was how to avoid the large amounts of unused stock apperaing again next year. The three of us spent a good hour discussing our possible ideas and solutions until we were all in agreement. We eventually decided that the easiest way would be to order less stock more often and therefore eliminate our bulk buying method. Although this may initially result in a small increase in some products prices it would be worth it in the long run, as we would be left with only easily managable amounts of stock.