Inventarabgleich

Inventarabgleich is a control procedure in inventory management and accounting that aligns the physical stock with the accounting records for inventory items. It involves comparing the quantities and, when applicable, the values of stock on hand with those documented in the inventory records to identify variances. The goal is to ensure the accuracy of financial statements, asset records, and operational planning.

The procedure is used in manufacturing, wholesale, retail, and logistics, and it can be performed with perpetual inventory systems (where stock is continuously updated) or periodic systems (where counts occur at intervals). It is commonly conducted during the year, at cycle counts, or at year-end to support financial reporting and asset control.

Typical steps include planning and organizing the count, performing a physical count of items, reconciling the counted quantities with ledger quantities, investigating discrepancies (causes may include miscounts, theft, damage, data-entry errors, or obsolescence), and finally making journal adjustments to the records or to the inventory valuation. Management may also adjust standard costing and write-offs for obsolete stock.

Outcomes include improved accuracy of financial statements, better stock control, and stronger internal controls. Challenges include disrupted operations during counts, counting errors, and the need for robust data integrity. Regular cycle counts and clear procedures help minimize discrepancies.

Related concepts include perpetual inventory, stock taking, shrinkage, and asset management. The exact requirements for Inventarabgleich vary by jurisdiction and accounting framework, but it is a widely used practice in both legal and financial contexts.