Do I have to send the valued inventory to accounting?

Do I have to send the valued inventory to accounting?

Yes, if the company holds goods, raw materials and/or finished/intermediate products in the normal course of its activity or in the process of production for sale, the submission of the valued inventory in the accounts is compulsory.

When should the submission of the valued inventory in the accounts be made?

The submission of the valued inventory to the accounts must be made on or before 31 January 2024 for the year 2023.

Why do I have to send the valued inventory?

The total value of the inventory directly influences the result of the year.

The timely transmission of the inventory to the accounts is essential for the compliance with article 65.5 of the Commercial Companies Code, which requires the approval of the accounts until 31 March 2024.

How should an inventory be made?

It must contain at least the following information:

• Product reference (numeric or barcode);
• Commercial name of the product;
• Quantity in stock;
• Cost, production or unit purchase price without VAT;
• Total value.