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Glossary

Discrepancy

Any difference between physical, POS and state-system quantities for a package, or a sale with no matching state receipt. Classified as documentation, timing, process or loss before any adjustment is made.

Why it matters for reconciliation: the word covers very different problems. A package that was split but not relabelled, a sale waiting to sync, a sample pulled without an entry and a missing tag all look the same in a variance total, but they need different responses and only one of them is loss.

Example: a cycle count finds a package a few grams short. The sales log shows a receipt that has not synced, so the class is timing and the item is re-checked the next day. A missing tag with no record is classed as loss, investigated first and, where the state requires, notified.

Where this comes up on budally.com

  • Reconciliation

    Matching POS, physical and state-system records: sales to receipts daily, packages to shelf by cycle count weekly, everything at the 30-day count most states require.

  • Variance

    The net difference, by quantity or value, between state-system inventory and physical or POS inventory for a period. The headline of the 30-day reconciliation report; some states set tolerances, which are limits, not targets.

Terms that refer here

Reconciliation,Variance