Inventory Reconciliation Report
Software Plan: Growth & Enterprise
Account Type : Seller Account & Aggregator 3PL
Inventory Type : Serialized & Non-Serialized
Feature description
This report offers a comprehensive SKU-level inventory reconciliation, ensuring accurate tracking of stock movement. It presents the opening and closing inventory balances for each SKU, with detailed breakdowns of all relevant transactions, including GRNs, sales, returns, and cancellations. This allows users to verify the integrity of inventory data and identify any discrepancies.
Use Case
An online retailer utilizes the SKU-level inventory reconciliation report to maintain accurate stock levels. This daily report compares opening and closing inventory, providing a detailed breakdown of GRNs, sales, returns, and cancellations. By analyzing this data, the retailer identifies discrepancies, such as unexpected sales or return volumes, enabling them to investigate and correct errors. This proactive approach ensures optimal stock levels, minimizes stockouts and overstocking, and enhances overall inventory accuracy for improved customer satisfaction and reduced financial losses.
Workflow
Step 1: Go to Reports (main menu) > Inventory Report > Inventory Stock Status
Step 2: Select the report type—Inventory Reconciliation Report (Beta)
Step 3: Select the date range and click "Queue Report."
Inventory reconciliation data can only be exported for one month at a time.
Click OK to confirm
Step 4: Download the sheet by going to the Export Section
Your sheet will be downloaded
How is the Reco data calculated?
Opening Stock | The opening balance represents the inventory available at the start of the month. For example, in the inventory reconciliation report from January 1st to 31st, 2025, the opening balance for January 1st will be the closing balance from December 31st, 2024. You may refer to columns N, O, U and V from the Historical Inventory Snapshots Report. To tally the Opening Balance: Opening Balance = Reserved (Not Picked) + Reserved (Picked) + Available Quantity + Available Quantity (Bin Locked) |
GRN Stock | The GRN stock count in this sheet can be verified against the GRN count in the Putaway Activity Report. You may refer to column E in the Putaway Activity Report. |
Sales | The sales count should match the sum of the item quantity in the Tax Report. |
Sales With Inventory | The "Sales with Inventory" column includes orders that were assigned inventory as soon as they were received in the system. |
Sales Without Inventory | The "Sales without Inventory" column includes orders processed without inventory being deducted. For example, this includes orders imported in "Shipped" status or orders synced to Easyecom but processed directly through the marketplace. |
Return/Cancel | Returns and cancellations can be verified against the Return/Cancel Count in the Putaway Activity Report. You may refer to column E in the Putaway Activity Report. |
Available--Discard | The 'Available--discard' column reflects inventory adjustments made through the inventory adjustment process. You may go to Inventory Adjustment and queue the report for your preferred date range. |
Closing Stock | The "Closing Stock" column represents the end-of-month balance. To tally the closing stock: Closing Stock = Opening Stock + GRN Count + Sales With Inventory + Returns/Cancel + Available--Discard |
In case of a discrepancy in the calculation of the closing balance, please contact the Easyecom Support team.
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