Part 2: After a physical inventory count, it’s imperative that you have listed out all the numbers possible, that effect both Parts Physical and Accounting Inventories.

Here is a list of the most common (but not limited to) “Accounting Dept Values” from the Accounting side;
Accounting Dept Inventory Value From The Month End Financial Statement

Value of OEM Parts Received, Not Posted In Accounting
Value of OEM Cores Received, Not Posted in Accounting
Value of OEM Parts Posted in Accounting, Not in Physical Inventory Yet (Prepaid)
Value of Aftermarket Parts Received, Not Posted in Accounting
Value of Aftermarket Cores Received, Not Posted in Accounting
Value of Aftermarket Parts Posted in Accounting, Not in Physical Inventory Yet
Value of Negative On-Hand Parts
Value of Company Credit Card Purchases Unposted In Accounting
Value of Company Credit Card Purchases Posted, Not in Physical Inventory Yet
Value of Any Other Prepaid Parts, Outstanding In-House Credits At Vendors