The End Of Year Inventory Count is an annual inventory evaluation that is used to assess the current state of a company’s inventory. This process usually begins at the start of a new fiscal year and involves counting, validating and reconciling all of a business’ stock records. The purpose of this audit is to ensure accuracy in the inventory database, provide accurate financial data to the accounting team, and maintain optimal levels of inventory for the business. An effective End Of Year Inventory Count helps businesses stay organized and efficient, as well as protect them from potential financial risks. It’s an important step in any successful business plan!