Closing and adjusting audits

If an audit with a status of Completed or Recount shows a discrepancy between the counted quantity and the quantity expected to be on hand, you can close and adjust the audit. Infor Public Sector shows the same dialog box as when you adjust an audit that is already closed. After you specify the adjustment information and click Save, Infor Public Sector will change the audit's status to Closed.

  1. Look up the audit that you want to close and adjust.
  2. Select the correct audit in the Audit Lookup Results grid.
    Note: You can select multiple audits to close and adjust them in bulk.
  3. Click Action and select Close and Adjust Selected Audits.
  4. If the adjustment will increase the quantity on hand, select the costing method that you want to use for the added parts.
    If the parts were added in a receipt transaction you would specify the unit cost, so an alternative method is required to determine the unit cost of parts added through an adjustment. You can use the average cost, the area average cost, the last received cost, or the area last received cost. You can also select Specify Cost and specify a unit cost for the parts.
  5. Specify the identification code for the employee recording the adjustment in the Employee field.
  6. Specify the reason for adjusting the stock quantity in the Reason field.
  7. Click Save.