Year-End Inventory Reconciliation is the process of physically counting and verifying inventory levels at the end of a fiscal year to ensure accuracy in financial reporting and operational planning. This detailed audit helps identify discrepancies caused by theft, damage, or record-keeping errors.Accurate year-end reconciliation is critical for setting inventory baselines for the upcoming year and informing replenishment strategies. It also supports compliance with accounting standards and helps maintain stakeholder confidence in supply chain transparency.
