The Physical Inventory menu

The Physical Inventory functions provide two methods for counting and entering physical inventory: using count sheets, which are printed by the system, and using tags.

Once a physical count from count sheets or tags has been entered and processed, the system provides an edit list and a variance report. The system adjusts the on hand value in the Products By Warehouse records according to the physical inventory data. Additionally, the system produces General Ledger Distributions postings for these adjustments and an audit report reflecting these adjustments.

Physical Inventory procedures can be performed without interrupting normal system operations. In addition, a partial physical inventory can be processed. The Physical Inventory menu is shown below:

Physical Inventory screen