Updating inventory variances

  1. Select Physical Inventory and click the Variance Update link.
  2. Specify this information:
    Update
    Select Yes to update inventory stock-on-hand quantities and to print the report. This field is used to create Global Ledger entries for quantity variances.
    GL Post Date
    Select the Global Ledger posting date. This date indicates which Global Ledger period to post positive inventory adjustments and count variances.
    Print Variances
    Select No to print all item records with or without the variances.
    Delete Records
    Select No to keep freeze records. To add variance reasons after update, do not delete freeze records. Select Yes to delete freeze records. You can delete freeze records if you have already explained variances.
    Sort Option
    Select Page And Line Number Sequence to sort on page and line number sequence. Select Highest To Lowest Variance Amount to sort on the highest to lowest variance amounts.
  3. In the Acceptable Accuracy Percentage section, specify up to three percentages if the Select ID includes Movement Class 2 items.
  4. In the Recount section, specify this information:
    Print Recount Tags
    Select Yes to print recount tags.
    Print Recount Sheets
    Select Yes to print recount sheets for frozen items with a variance.
    Print Freeze Quantity
    Select Yes to print the freeze quantity.
  5. In the Report Distribution section, select a distribution list and export type for these reports:
    • Inventory Variances Update Report
    • Recount Sheets Report
    • Recount Tags Report
  6. Click Submit.