Physical Inventory Count Memo

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Physical Inventory Count Memo

It is critical to ensure that accounting records are complete and accurate. This sample memo provides physical inventory instructions that a company can use to compare counted quantities to on-hand quantities in order to identify discrepancies.

Any company can use and follow these physical inventory instructions to increase the efficiency of inventory counts and reduce the possibility of errors. The roles outlined in this document include the coordinator, team captain, audit team, data entry individual and analyst.

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