Variance Reasons (IC76.1)

Use Variance Reasons (IC76.1) to explain physical inventory count variances by reason code. Reason codes can be used to explain count variances for reporting purposes. They cannot be used to override the normal general ledger offset account set up for physical inventory in IC04.1 (General Ledger Category).

This form can only be used after you run IC175 (Update Variances) in update mode. Prior to update you can explain count variances in any count entry form. Count variances are based on freeze quantities, created in IC170 (Freeze Selected Items), and actual item counts entered in IC72.1 (Counts by Page), IC73.1 (Count Detail) and/or IC74.1 (Random Counts).

You cannot access count variance records once they are deleted in IC175 (Update Variances) or IC179 (Delete Freeze Records). Freeze records with no variances are deleted when you run IC175 in update mode.

Note: You must delete freeze records before you can use the select ID again for another physical inventory count. After you have explained variances in this form, run IC179 to delete freeze records.