# Stock Counting and Variance Report Values

## Opening Value

Stock at start of period (taken from system count or overridden by manual stock count).

## Net Receipts

Stock received from suppliers.

## Net Transfers

Stock moved between venues.

## Net Manufacturing

Stock produced internally.

## Net Adjustments

Manual changes (incoming, damage, waste).

## Closing Value

Stock at end of period. 

## Actual Usage

What was really used.

<mark style="background-color:orange;">(Opening + Receipts + Transfers + Manufacturing + Adjustments) – Closing</mark>

## Theo Sold

Expected stock used based on sales.

## Waste

Recorded wastage.

## Theo Usage

Expected total used.

<mark style="background-color:orange;">Theo Sold + Waste</mark>

## Variance

Difference between actual and theoretical usage.

<mark style="background-color:orange;">Actual Usage – Theo Usage</mark>

## Theo Closing

System-predicted closing stock.

<mark style="background-color:orange;">Opening + Receipts + Transfers + Manufacturing + Adjustments – Theo Usage</mark>