Posting Count Quantities
The physical inventory count posting process posts the quantities of all physical
inventory to the Quantity On-Hand
field for each inventory item, and creates entries to the journal for any
adjustments.
Before Posting Count Quantities
Before running this activity, we recommend you run these reports/activities to generate an accounting audit trail for visibility for count discrepancies:
- Inventory Pre-adjustment Report: This report provides a listing of entered quantities and highlights any discrepancy between the quantity on-hand and the physical inventory count.
- Physical Inventory Approval: Changes the status of any physical inventory record, except those that have a status of Uncounted, to a status of Approved. Records must be approved before they can be posted. After they are approved, they can no longer be updated or voided.
Accept default selection criteria on each report.