Stock Reconciliation Guide
Stock reconciliation checks whether the stock records match the physical stock in the business.
Start with opening stock
Know how many items were available at the start of the period.
Add purchases
Record new stock bought from suppliers or transferred into the business.
Subtract sales and adjustments
Stock should reduce when items are sold, damaged, expired, returned or adjusted.
Compare with physical count
Count the stock physically and compare it with the expected quantity.
Stock reconciliation helps detect missing items, wrong records and possible losses.
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