Elite Golf facilities will inventory the facilities merchandise on a monthly basis. The inventory count will take place on the last day of the month during the closing hours of the operation and must be performed by at least two staff members. The inventory procedures will be based on the POS system at the facility. A physical count will be made and entered into the inventory system. The system will then show a variance of product in dollars and quantity. Before the inventory is updated and made final, the variance report will be reviewed to determine any mistakes that might have taken place during the initial count. Any mistakes found should be recalculated into the inventory system before creating a final inventory count.
Maintaining a correct and proper inventory is very important to Elite Golf. All inventory reports need to have two employee signatures on them to verify that there is agreement in the inventory count and procedures. All inventory reports will be given to the accounting team for further review and processing. All variances will be reviewed and dealt with on a case by case scenario.