Regular Inventory Audits are one of the most important ways your store can remain compliant.  Use KlickTrack's wide range of reports to ensure your physical inventory matches the quantities in KlickTrack and to investigate any discrepancies. 

Video Overview

Auditing Tips:

• Organize your audits by brand or vendor to assure all items are being counted in an orderly fashion.

• Make sure to adjust any values that differ between the POS and your physical count.

• Provide a descriptive reason when adjusting products, including steps taken to locate a product, explanation for adjustment, and/or any other pertinent information. Read common examples and best practices for Adjustment Notes. 

  • The LCB does expect inventory adjustments, providing descriptive reasons helps prevent and protect you in case of a compliance inspection.

Building your Audit

Audits can be created from various inventory reports, but the Master Inventory Report, under the Inventory Analytics section, is a customizable report for creating filtered your inventory audits.

• From the Master Inventory Report, you can filter the report by Product, Strain, Brand, Vendor, Inventory Type, and Package SKU to create a list of the products you wish to audit.
   
• After that, you can then download the refined report as an Excel document to print and audit your inventory.
   
• If you need to audit by location, you can also download the Inventory Location Report, under the Store Analytics section, and filter the export to your needs.

Adjusting Inventory after your Audit is Complete

• In order to make adjustments to items you find that currently have a zero quantity, please follow these instructions: Adjusting a SKU at Zero Quantity
   
• If you have SKUs with available quantities that need to be adjusted, please follow these instructions: Adjusting Active Inventory Quantity

Once you have completed your adjustments, you can review the Master Inventory report again to verify the quantities are correct if you see fit.