What is an over/short report? Why is it Important? How does asset protection use it?
a. An over/short report is a document that tracks discrepancies between expected and actual amounts of cash or inventory in a business.
b. An over/short report is important for identifying potential theft or accounting errors in a company's operations.
c. Asset protection uses over/short reports to monitor and reconcile discrepancies in cash and inventory to prevent revenue loss or theft.
d. Over/short reports are crucial for maintaining accurate financial records and detecting irregularities in a business's transactions.