Financial

Financial inventories are fast, accurate retail inventory counts that deliver immediate on-site results to our clients. They are the most common and most basic of our retail inventory services. Typically, these inventories provide a retailer with retail dollar totals for all merchandise in the store, along with any additional financial reporting requested by the client. The resulting figures support cost of goods sold (COGS) and gross profit margin calculations. Department-level reporting from this inventory type can be used to monitor shrinkage, strengthen inventory control, and provide marketing data and statistics.

The key to delivering useful financial inventories is combining count accuracy with thorough client preparation. Prior to the inventory, our management team meets with the customer to confirm the time and date, define the exact scope of the count, provide preparation instructions, and explain our inventory procedures.

Each inventory crew is led by an experienced inventory manager who instructs the team on what to count and the standardized procedures to use. This leadership ensures the inventory is completed quickly, with the highest level of accuracy and professionalism.

To ensure complete coverage, the crew manager will “map the store,” placing fixture tags on every location. These locations are also entered into our inventory system so that every area is counted once—and only once. Completed areas are flagged, results are tracked in real time, and store personnel verify that all items have been inventoried.

Technology also drives accuracy and speed. Data is captured on handheld terminals/scanners with built-in error-checking routines. As areas are completed, data is recapped and verified, and totals are compiled for on-site verification. Golden State Inventory assures the accuracy, productivity, and reliability essential to a successful financial inventory. As a final guarantee of satisfaction, our crews do not leave the site until our client is completely satisfied with the inventory.

Store Sale / Transfer of Ownership

Transfer of Ownership / Change of Ownership Inventory Services — Ensure a clean handoff during a store sale, change of management, franchise transfer, or merger. Our professional third-party team delivers accurate, auditable inventory counts with the same rigorous standards we use for every job. All totals are rechecked and verified, providing clear reports for buyers, sellers, and escrow to support due diligence, valuation, and closing.

Service Audits

GSI provides service audits for retailers who’ve recently completed an inventory and are questioning the totals. Our team can audit your entire store or a specific department, verify counts, reconcile discrepancies, and deliver a clear, documented report you can trust.

Cycle Counts

Cycle counting is an inventory auditing method that estimates total stock without counting every item. It uses sampling—counting selected SKUs and extrapolating to the whole warehouse—so operations can continue without full shutdowns. It’s often faster than wall-to-wall counts and can reduce downtime.

Because a cycle count is an estimate, accuracy depends on how the process is designed and executed. If the sample or workflow is flawed, the projected total can be off.

Common methods include:

  • ABC/movers: count the highest-velocity items more frequently.

  • High-value: prioritize the top dollar-value items.

  • Random sampling: select a statistically valid mix across categories.

  • Location-based rotation: count specific zones or aisles on a schedule.