When Should You Complete Inventory Counts?
Full counts:
- At the end of the financial year. Can also be recommended at the mid-financial-year point.
- Before selling a business.
- After a busy period, such as Boxing Day or Black Friday sales.
- Can also be done at other times; full counts, however, are a lot of work.
Periodic counts:
-
All the time! We recommend scheduling your periodic counts at regular intervals throughout the year.
Because you can schedule in advance, you can easily stagger periodic counts, for example to ensure full coverage of your inventory every quarter.