IC.50: Physical Stock-Taking Report

Business Benefits

The whole purpose of taking a Physical Count periodically is to reconcile the accounting records with the actual Inventory that is available. This program produces the report that compares the results of the Physical Count and the computer records, so that you can see which discrepancies exist (if any), in order to follow- up on them and/or to take corrective actions to eliminate future discrepancies.

Note: For related documentation and workflows, see IC - Inventory Control.

Usage

Use this job to print a Physical Stock- Taking Report for all or selected Clients/ Warehouses.

It is used primarily for cycle counts or spot checks. You may include/exclude open Orders (ie. Orders in process).

Preconditions

Run this program only after all counts have been entered in program PI.30 [Count - Enter]

and discrepancies have been identified in program PI.53 [A vs B Variances - Report].

Subsequent Actions

After printing this report, if there are no further adjustments/corrections to make, you may proceed to the last step in the Physical Inventory process using program

PI.72 [Count - Update].

Program Fields and Functions

To review a text version of the field help, click here. Click the button (or press F5) to invoke field help at any time from within the job panel itself.