Inventory Count & Variance Settlement

Turn physical stock counts into supported accounting adjustments. This application is designed to organise count plans, recounts and unit conversions while preserving the explanation for differences between recorded and observed quantities.

Best suited to

Businesses conducting periodic or year-end inventory counts.

What you can manage

• Prepare the stock count plan for the selected items.
• Record recounts where initial quantities require verification.
• Apply the relevant unit conversions during comparison.
• Document reasons for confirmed inventory count differences.
• Prepare proposed accounting adjustments for reviewed variances.

A practical workflow

Compare the physical count with the stock records using consistent units. Recount questionable items, establish the reason for confirmed differences and review the proposed adjustment before changing the accounting position.

Why this workflow matters

Inventory values depend on both operational quantities and accounting assumptions. Reviewing those inputs together helps distinguish a physical stock issue from a cost allocation or valuation judgement. The result is a more explainable period position, with the basis available for purchasing, operations and finance to discuss consistently.

Working with your records

Use quantities, costs and reporting dates that refer to the same production or inventory scope. Check allocation assumptions and source completeness before accepting the result. Cost calculations and valuation working papers support the business's review; the accounting method and treatment must be appropriate to its adopted policies and supported product configuration.

Licence

12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.