Aqid ERPMeaning
An inventory count (الجرد) checks the books against the shelf. Each item's system quantity is compared with what is counted; the variance, valued at the item's carrying cost, is investigated and, once approved, posted as an adjustment: a shortage debits an inventory-loss account and credits inventory, a surplus the reverse. A full count at the financial year end with movements frozen is the minimum; cycle counting, a slice every week, keeps a perpetual system honest all year.
Good practice is to count blind, with the system quantity hidden from the counter, and to have a second person recount every variance. The signed count sheet is the record for the auditor and for ZATCA: documented losses do not claw back input VAT, while undocumented shrinkage looks like a sale that was not invoiced.
Also called: stock count · stocktake · physical count · الجرد
Example
Al Noor's October count finds 38 shelving units against 40 on the system (−1,240.00 at cost), six pallet jacks as expected, and 123 boxes of paper against 120 (+204.00, three found in the office). The approved net adjustment of −1,036.00 is posted on 31 October.