Sales-In Sales-Out Reconciliation

Gain Complete Control of Your Inventory and Financials with SISO Reconciliation

Sales-In Sales-Out reconciliation (SISO reconciliation) is a process used in accounting and inventory management to ensure the accuracy of the channel partner’s report of their POS and inventory data. It involves comparing the company’s sales-in data to channel partner’s sales-out data and inventory to calculate the roll-forward month-end inventory.

The purpose of SISO reconciliation is to identify any discrepancies between the sales-in data recorded by the company and the inventory data recorded by the company's channel partners. Any discrepancies may indicate errors in the accounting system or potential fraud, and they need to be investigated and resolved.

SISO Reconciliation Process

The process of SISO reconciliation typically involves three steps:

Collecting Data

This involves collecting POS and inventory data from the company's channel partners.

Reconciling the Data

This involves comparing the sales-in data recorded by the company to the sales-out and inventory data recorded by the company's channel partners. Any discrepancies are investigated and resolved.

Reporting

Once the data has been reconciled, reports are available that summarize the findings and identify any issues that need to be addressed. Channel partners can view their reports using the partner portal and collaborate with the company to resolve any errors.

Overall, SISO reconciliation is an important process for any company that wants to ensure the accuracy of its financial and inventory data, and to identify and resolve any discrepancies or errors that may exist. Accurate determination of channel inventory is critical to the following:

Valuation of inventory for the company’s financial reporting and revenue recognition.

Calculation of payouts and avoiding over payments to partners for channel incentive programs like price protection and stock rotation.