Stock and Book Debt Statement


*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

In this service we prepare stock and Book debt statement basis the data shared by the enterprise.
Stock and Book Debts statements are submitted on monthly/quarterly basis by the enterprise that has availed Cash Credit / working capital limits from Banks or Financial Institutions. Timely Submission of Stock and Book debt statements ensures compliance with bankers and improves financial credit worthiness of the enterprise.

Price 999

Services covered :
  • Periodic Stock statement with detailed classification of Inventory i.e., quantity, values with respective categories.
  • Book debt/ Receivable statement with age-wise analysis and reporting.
  • Accurate reconciliation with previous month closing balances.
  • Year end reconciliation with Audited financial statements.
  • Unpaid Stocks and obsolete inventory reporting.
  • Accurate Drawing power Computations for Cash Credit limits.
  • Preparation of all the statements in bank approved formats with periodic timely filings.
  • Business Hour Support from experts on phone/e-mail.
  • Strong professional team handling with no geographical limits

Documents Required:
  • Copy of Stock ledger
  • Copy of Debtors Ledgers
  • Copy of Balance sheet

FAQ ()

Question : What is stock and book debt statement?
Answer : A stock statement basically consists of current assets and current liabilities. For the stock statement, inventory and receivables are taken as current assets, and creditors are taken as current liabilities. The stock statement is prepared to arrive at the actual Drawing power (amount which can be borrowed by the company from the bank) based on the actual quarter/month-end level of inventory & receivables.
Question : What is the objective of Stock and Book Debt statement ?
Answer : Stock and Book Debts statements are submitted on periodical basis by the Business having Cash Credit / working capital limits from Banks and financial institutions for the purpose of Drawing Power Calculation. Submission of Stock and Book debt statements enables timely compliance with bankers and improves financial creditworthiness of the enterprise.
Question : How do you prepare a stock statement?
Answer : A typical Stock Statement Should Include: Item description. Location where goods stored. Quantity of opening stock. Purchased goods. Items sold. Quantity of closing stock. Rate of each items. Total value of the goods stored.
Question : What do you mean by stock summary?
Answer : A Stock Summary is a statement of the stock-in-hand on a particular date. Stock Summary provides information on stock groups and shows the quantity details, rate and closing value of the stock items under them.
Question : What do you mean by bad debt and doubtful debt?
Answer : Bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and for which it may be necessary to create an allowance for doubtful accounts.
Question : What is Drawing power ?
Answer : Drawing power is the limit up to which a firm or company can withdraw from the working capital limit sanctioned. Updating drawing power for working capital by the bank is an important credit monitoring exercise