Periodiek voorraadsysteem

A periodic inventory system updates inventory records at specific intervals, such as monthly, quarterly, or annually, based on physical inventory counts.

Unlike a perpetual system, which continuously tracks inventory, a periodic system relies on physical counts, which may cause delays and less accurate data.

During the period, purchases are recorded in a purchases account, and sales are recorded in a sales account.

The inventory account remains unchanged until a physical count is completed.

For example, a grocery store may count its products at the end of each month.

Employees count items on shelves and in storage. This count is then used to update inventory records and calculate the cost of goods sold.

The periodic system is cost-effective and easy to implement, making sense for small businesses, but less suitable for larger firms.

A significant limitation of this system is that inventory records are only updated after each count, so losses from spoilage, theft, or mistakes caused due to human error may not be immediately identified.

Despite this, many businesses prefer the periodic system for its simplicity and lower cost.