Inventory Verification
A company’s inventory accounting can mean the difference between reporting a profit or incurring a loss.
Performing periodic physical reviews of inventory can help identify variances between physical and book quantities, as well as evaluate internal controls on inventory movement, accounting, and safeguarding. In addition, it provides assurances to principals and owners of Indian companies operating in the UAE that the inventory reflected in accounting records is not materially different from the physical quantities. This can act as a deterrent against theft, damage, and unauthorized write-offs.
At regular intervals, we can assist Indian businesses with inventory verification in the UAE. The verification of inventory includes, among other things, marking physically verified stocks, identifying damaged and slow-moving or obsolete items, and more.
Flyingcolour® assists Indian companies in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free Zone, or Offshore company registrations across all Emirates of the UAE. We also assist in opening bank accounts with all leading local banks. We work closely with all relevant Government Departments and banks to ensure a smooth and compliant registration process.