This guide will explain the reconciliation report, which displays the differences in product value between the system's initial records and the data entered after a stocktake/inventory count. The report will highlight any discrepancies for you to follow up on.
Where to find this Report
This report can be found under Manager > Reports > Additional Reports > Products.
Generating the Report
When generating the report, click Select to choose which stocktake/inventory count you wish to report on, and then click Generate Now.
Alternatively, you can generate the report directly from the Stock Takes/Inventory Count screen by checking the box and clicking the Reconciliation button.
What Does the Report Look Like?
Once generated, the report will display each product in the stocktake/inventory count, along with some information to help you with your reconciliation.
The System Stock number represents the quantity of each product recorded in your system before the stock take/inventory count.
The Stock Take/Inventory Count number reflects the actual counted quantity.
The Difference shows the comparison between these two numbers, helping to identify any discrepancies.
The Differential Cost Value displays the cost price difference between the System Stock and Stock Take/Inventory Count.
The final page of the report will also give you the Total Differential Cost Value.