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Run: Gift Shop Inventory Shrinkage Audit

Use this gift shop inventory shrinkage audit template to reconcile physical counts against POS and receiving records, isolate variances by SKU, and document ...

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Audit Scope and Count Setup

Audit date, location, and count type documented

Inventory scope matches the intended gift shop departments and SKUs critical (required)

Yes No N/A

Physical count performed with sales floor secured from active replenishment during count critical (required)

Yes No N/A

Count sheets or handheld scan data available for all counted areas critical (required)

Yes No N/A

Count team members and roles recorded

Physical Inventory Count Verification

High-shrink or high-value SKUs counted individually critical (required)

Yes No N/A

Shelf, display, backroom, and locked storage locations all counted critical (required)

Yes No N/A

Damaged, opened, or unsellable items separated from saleable stock

Yes No N/A

Count discrepancies above tolerance documented by SKU

Note (optional)

Physical count totals entered for each major category

Record Reconciliation and Variance Analysis

POS sales, returns, and voids reviewed for the audit period critical (required)

Yes No N/A

Receiving, transfer, and adjustment records reviewed for completeness critical (required)

Yes No N/A

Variance amount calculated for each affected SKU critical (required)

Likely variance cause identified

Note (optional)

Shrinkage rate calculated for the audit period

Note (optional)

Corrective Actions, Follow-Up, and Sign-Off

Corrective actions assigned with owner and due date critical (required)

Recount or spot-check scheduled for unresolved variances

Note (optional)

Loss prevention or management escalation completed for unexplained shrink critical (required)

Yes No N/A

Inspector signature critical (required)

Manager review and approval

Get your results

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Run: Gift Shop Inventory Shrinkage Audit

Audit Scope and Count Setup

Physical Inventory Count Verification

Record Reconciliation and Variance Analysis

Loss Prevention Controls and Inventory Security

Corrective Actions, Follow-Up, and Sign-Off

Get your results