Keeping track of your business’s inventory is essential to its success and profitability. To help accurately account for what’s coming in and out, and what is stored in a warehouse or at an external storage facility, businesses need to reconcile their inventory records with actual stock levels—a process known as inventory reconciliation.
This process involves tracking inventory transactions, calculating quantity differences, and performing balance checks to ensure the accuracy of records. Read on for more information about why inventory reconciliation is important for the health of your business, and how you can go about doing it effectively.
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