In the beginning, let's get acquainted with the purpose of the inventory The purpose of the inventory is an essential element in determining the inventory date. A specific date such as the end of the month, but the purpose of the inventory is what determines the inventory date, so the inventory can be done without any prior notice to indicate any deficit in the balance, or it can be done at the end of the month or the end of the year, as is usual in the company's system in relation to the monthly inventory or inventory The annual may take place on the last day of the month or one day before the last day of the month, and here the accountant must make an adjustment to show the actual balance after settlement, or it may take place on the first day of the following month, and here also an adjustment must be made to the actual balance after settlement