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The closing inventory normally serves as the inventory at the beginning of the new tax year, so the amounts at the end of a year and the beginning of the next are identical.

Drowning in product? The best inventory management software can help you organize your inventory so you can maximize your revenue and never again lose a sale to an out-of-stock item.

Public comments submitted as part of this process will inform the SRE List final report, which will be published this fall and include the new list along with implementation guidance.