Inventory reconciliation is the process of simply matching physical inventory to return record. Inventory reconciliation is the process of matching stock records with physically has in store. It includes counting damaged or outdated products as well as those which are available for sale in current stock. Warehouses or depository rely on it only too keep accurate records. And because of this correct numbers, a business can order replacement items appropriately value current inventory. In inventory reconciliation, it includes find out the differences between the two amounts, and according to that make adjustments to the records to show analysis. It is very important part of cycle counting.
Our accounting experts verifies that inventory buys are posted quickly and those physical inventory adjustments are correctly documented. Our professionals compare company’s written inventory with actual physical inventory. Then company experts check the record for errors in inventory recordkeeping. Our company gives you excellent innovations every day. By regular updating of physical inventory, it helps companies to identify the source of discrepancies, improve company’s procedures, and helps to prevent loss due to theft. Our companies help in completing various steps of inventory reconciliation which includes counting your products, checking and rechecking your records, addressing the missing items. By following these steps you can add value to your business.