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Inventory 2025: Most important tips and pitfalls for companies
On December 1st, 2025, companies in Vechta will learn the essentials about proper inventory and possible stumbling blocks.
Inventory 2025: Most important tips and pitfalls for companies
December 1, 2025 is an important deadline for many entrepreneurs in northern Germany. The current financial year is coming to an end and the timely inventory is imminent. According to the provisions of the Commercial Code (HGB), companies are obliged to inventory their business assets at the end of the financial year. Loud Ecovis Proper inventory is essential for error-free annual financial statements. However, many companies are faced with a number of challenges that need to be taken into account in order to avoid unpleasant surprises.
The individual assets must be listed completely and comprehensibly. This includes raw materials, auxiliary materials, operating supplies, finished products and goods. Missing data or the updating of outdated inventories can lead to errors appearing in the annual financial statements, which, like... Haufe explains, in the worst case scenario it could lead to legal consequences.
Inventory procedures and deadlines
There are various methods to choose from for carrying out the inventory. Companies can choose between a timely inventory on the balance sheet date or a deferred inventory that takes place within three months before or two months after the balance sheet date. The decision for a procedure should be made carefully because, as Esprit reports, it is advisable to carry out the inventory on the deadline date if possible in order to minimize errors.
Anyone who uses an inventory management system should also ensure that inventory is checked manually at least once a year. Some companies also allow simplifications such as a sample inventory or group assessment if the legal requirements are met.
Organization and documentation
Clear organization is the be-all and end-all when carrying out inventory. Business owners should be careful to stop material movements during the count and designate a responsible team. Creating numbered inventory lists and clearly labeling the goods are also important steps for smooth implementation. Loud Accounting portal Precise documentation is crucial in order to meet the applicable retention periods of ten years.
Estimated values for auxiliary and operating materials can be problematic during company audits, which is why particular care is required here too. As in Ecovis mentioned, entrepreneurs should make sure to check even small values regularly in order to prevent problems. After all, a well-organized inventory is not only a legal obligation, but also an essential element in ensuring the health of the company.
At the end of the day, the effort put into high-quality inventory is crucial for many companies to work efficiently and avoid unpleasant surprises in the annual financial statements. A good hand at organization can be crucial!