A Stock Variance Report compares the actual physical inventory of Stock items on hand with the inventory recorded in the system, highlighting any discrepancies. These discrepancies can occur due to theft, loss, damage, counting errors, or data entry mistakes. By identifying and correcting these variances, you can ensure your inventory records are accurate, which is essential for reordering, stock management, and fulfilling orders. It also helps detect inventory shrinkage, allowing for corrective action. Additionally, the Report is valuable during audits to ensure Stock levels are accurately reflected in financial Reports.

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