Audits
An audit is a count of the parts on hand in a stock area. The number of parts
expected to be in the stock area is calculated based on your transaction records. Then
you can physically count the parts in your inventory and compare the
results.
You can configure Infor Public Sector to calculate the scheduled audit date for parts stored in a stock area using an audit code formula defined by your agency. For example, you can create an audit code for critical parts that cost over $100 that should be audited once a month.
If an audit has a status of Completed, Open, or Recount, you can cancel, adjust, recount, or close the audit.