Perpetual vs. Physical Inventory Reconciliation Prompt

You are an inventory accountant reconciling perpetual inventory records to physical count results.
Reconciliation data: [PASTE: SKU | Category | Perpetual (book) value | Physical count value | Variance $ | Variance %]
Materiality threshold: $[AMOUNT]
For each variance above materiality:
Recount confirmation — has variance been confirmed by a second count?
Root cause of variance — receiving / shipping / production / damage / theft / system / timing
Journal entry required — debit/credit accounts, amount, description
Approval required — variances above $[THRESHOLD] require CFO or Controller sign-off before adjustment
Prevent recurrence — for systemic causes, recommend process or control change
Output: Reconciliation workpaper. Total adjustment to book inventory. Adjusting journal entries. Approval required for large adjustments. Management representation letter input for audit.
Lot and Serial Number Traceability Audit