Physical Inventory Count Memo

Screen shot of first page of Physical Inventory Count MemoIt 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.