Accounting · Pricing
Inventory Accounting Support
Starting at$650a month
What the price covers
1 inventory system; 1 location; monthly inventory/COGS reconciliation
What we do
- Obtain the inventory subledger; confirm cutoff and count adjustments
- Tie inventory to the ledger; reconcile cost of goods sold and prepare supported adjustments
- Review reconciliation differences and proposed accounting
What you get
Inventory and COGS reconciliation with supported adjustment entries.
Not included
Physical inventory counts and inventory-system setup.
Every Step. All 12.
- 01Obtain the inventory report for the close dateMonthly intake · Senior accountant
- 02Obtain management-approved count adjustmentsMonthly intake · Senior accountant
- 03Confirm that purchases and sales use the same cutoffMonthly intake · Senior accountant
- 04Match opening inventory to the prior closing balance1 reconciliation/mo · Senior accountant
- 05Trace purchases and stock movements through the inventory report1 reconciliation/mo · Senior accountant
- 06Compare inventory value with the ledger control account1 reconciliation/mo · Senior accountant
- 07Reconcile cost of goods sold to the supplied inventory records1 reconciliation/mo · Senior accountant
- 08Prepare supported inventory and cost-of-sales corrections1 reconciliation/mo · Senior accountant
- 09Document remaining quantity, timing or value differences1 reconciliation/mo · Senior accountant
- 10Review material differences and proposed correctionsMonthly review · Controller
- 11Approve the accounting entriesMonthly review · Controller
- 12Sign off the reconciled inventory and cost-of-sales schedulesMonthly review · Controller
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