GIH Direct

Maidstone:  01622 535088   
Canterbury: 01227 656188

Your Local Bookkeeping & Payroll Co.
Stock Audits for Pubs, Clubs, Bars & Hotels
Your stock is one of your most valuable business assets and so you need a professional and experienced auditor to protect it.

Know your margins, Gross Profits, Sales trends and more with monthly audits.
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Times are hard; we know that so let us take some of the hassle out of it all. Our range of services tailored to the SME allows you to focus on the reasons you started your business in the first place.  Don't worry about the hours lost on dealing with all the red tape and associated hassles of running your own business. We are here to help.

What is Stocktaking & why do i need one?
You wouldn’t dream of buying a new car and not having it serviced by a competent mechanic, so why take such chances with your business? A stocktaker can provide advice on a regular basis at a reasonable cost.

So you’ve just moved into your new premises, how are you going to reach those profits you put into the business plan? Or are you an operator who’s been beavering away and not noticed your annual profits dwindle? Purhaps you feel your business needs an independent eye to keep up with the latest developments.

Where can you get this advice on a regular basis at a reasonable cost? From a stocktaker, that’s where.

We offer expect and unbiased advice each and every time......so why do you need one?

Well ask yourself, can you afford not to?

Pubs
Clubs
Bars
Hotels

How much stock am I carrying?

What G.P. % am I achieving?

What more important, spending what time you do have earning money and get new clients or sitting at home doing paperwor.  We all know the real answer but the Tax man will say different. Let us take over your bookkeeping responsiblilities, what might take you four or more hours in a week to do poorly, your dedicated bookkeeper can get done in half the time, and get it done right.
How does that compare with similar businesses and is it the maximum that can be attained? Often a 3% variance in gross profit can mean the success or failure of a business. A good stock auditor will explain the implications of the estimated, as well as the actual gross profit percentage.

What does a particular promotion actually cost me?

How do I maintain G.P. % after a supplier increase?

All too often poorly performing businesses operate discounts or buy ins with little or no thought of the full implications to the profit. Providing discounts need to be carefully costed out so that it generates more profit rather than adding to the costs of the business.
In the last couple of years if prices have not been increased correctly, margins have been greatly squeezed – it is then extremely difficult to maintain margins in future years.

Are my costs reasonable?

If the G.P% is under-achieving, how do I improve on it?

It is very easy to under declare allowances resulting in a deficit or alternatively and much more commonly cover up a loss by making excessive allowances. Both can have serious repercussions.
Often the stock auditor will be able to give pertinent advice on prices in a particular area and how to maximise profits.

Accounting

Direction

Your accountant will organize your books if it is necessary, but this takes additional time, and usually at a much greater cost.
Larger companies have separate bookkeeping and accounting departments, and they do so because it helps them to better track their business. It also enables them to make better plans and adjustments for the future. You can get the same kinds of results if you take advantage of our bookkeeping service.
If your books are well organized you will be able to spot some trends even before your accountant is able to give you a more complete reckoning.
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Stock Audit Reports
Our partnership with Greyeye Technology enables us to use bespoke software to monitor and audit your inventory.  Understanding your GP's and recommended selling prices is just the begining of what you can learn from monitored stock control.
Download full report here