Get Ready for Year-end Physical Inventory Count
Businesses must carry out year-end inventories to meet tax requirements and to gather accurate data for financial statement purposes. Are you ready for your year-end physical inventory count? For some businesses, a complete physical inventory count is a frustrating and time-consuming process with numerous obstacles. However, with proper planning, management and procedures, you can make the process go smoothly and get accurate inventory counts.
There is a lot you can do ahead of time to get prepared.