Physical inventory counting is a much unloved procedure in most merchandising and manufacturing businesses. The process ensures that the inventory on the company's financial books matches the amount ...

Small, privately held businesses that warehouse inventory in an onsite or offsite location typically conduct an annual internal inventory audit. While procedures for counting and valuing inventories ...

Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...