It is a process where actual physical stocks are checked and recorded in the system.
We offer inventory reconciliation services by comparing the written inventory in records with the actual physical inventory present in the warehouse. It is considered essential for warehouse staff to keep a track of replacement items, to correctly value the inventory and to ensure that the products are available when needed.
The In-Out register of the warehouse is accurately matched with the books. The inventory valuation method (FIFO, LIFO or any other method) prevalent in the actual course of action is reconciled with the books.