Inventory record
An inventory record is the complete and traceable record of all assets and stock held by a company at a specific point in time. It is used to record and value existing resources systematically and to provide a reliable basis for control and period-end activities. In SAP Business One, the inventory record can be represented transparently on the basis of current stock data and accounting information. A properly carried out stock count helps identify discrepancies between the physical quantity and the inventory level at an early stage, so that all values are complete and auditable in the system on the reporting date.