Month-End Inventory Template

MONTH-END INVENTORY TEMPLATE AND AGREEMENT

Company Name:    Location:

Inventory Month:    Year:

Prepared By:

Recitals

WHEREAS, Company Name is engaged in the sale, storage, and distribution of inventory items and requires a consistent month-end inventory reconciliation process to maintain accurate financial reporting and operational control; and

WHEREAS, Inventory Manager or Service Provider will perform month-end counting, reconciliation of variances, and delivery of inventory reports and adjustments in accordance with the Scope of Work set forth below; and

NOW, THEREFORE, the parties agree to the procedures, payment, confidentiality, and other terms contained in this Month-End Inventory Template and Agreement.

Scope of Work

The Inventory Manager will conduct month-end inventory activities including but not limited to physical counts, reconciliation of ledger quantities to physical quantities, investigation and documentation of variances, adjustment recommendations, and delivery of a month-end inventory report. The Inventory Manager will comply with the Company's counting procedures, safety policies, and record retention requirements.

Inventory Count Worksheet

Use this table to record each inventory line. Enter unit cost as applicable. All quantities and monetary amounts must be supported by source documentation retained with the month-end file.

Payment Terms

In consideration for the inventory services and reporting described herein, the Company will pay the Inventory Manager the fees set forth below. Fees are due in accordance with the schedule specified and are subject to late fees as provided.

Term and Termination

This Agreement shall commence on the Start Date and shall continue through the End Date unless earlier terminated in accordance with this section.

Either party may terminate this Agreement for material breach if the breaching party fails to cure the breach within the notice period specified above. Termination will not relieve the Company of obligations to pay fees earned for services performed prior to termination.

Confidentiality

The Inventory Manager will maintain as confidential all non-public information received from the Company in connection with the performance of inventory services. Confidential information shall not be disclosed except as required by law or with the prior written consent of the Company. The Inventory Manager will use confidential information solely for the purpose of performing services under this Agreement.

Acknowledgement of Confidentiality: I acknowledge and agree to the confidentiality obligations set forth above.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction specified below, without regard to conflict of laws principles.

Entire Agreement

This Agreement, including the inventory worksheet and attachments signed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior understandings, negotiations and agreements, whether written or oral. Any amendment must be in writing and signed by authorized representatives of both parties.

Attestation and Accuracy

The preparer certifies that, to the best of their knowledge, the quantities and values recorded in this Worksheet are accurate and supported by source documentation. Intentionally false statements or deliberate omission of material information may result in disciplinary action by the Company and, where applicable, civil or criminal liability.

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