Fiscal Inventory Count

Purpose

Following the actual counting of inventory, this is the next step.

Note: If you are using a scanner to count the inventory, there is a much better way to update the counts.  See Fiscal Inventory Scan.

This program allows a quick and easy way to enter your counts into the system.  The values are stored in the "Physical Count" field of the individual Inventory Master quantity records by inventory location.

Use the "Inventory Variance Report" to show variances between your counts and the current system values.  This is also where you may clear the counts, or set the current inventory on-hand values to your counted values.

Procedure