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Physical Inventory process stupid question...

 

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Subject Author Date
Physical Inventory process stupid question... Tara 07-15-2008
Posted by Tara on July 15, 2008, 7:23 am
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Hi, I'm wondering if someone can help me. I've gone brain dead regarding as
aspect of Physical Inventory.

I've a customer who opened a new Physical Inventory for various suppliers
back in February. They've counted everything within a couple of days but are
only now inputting the figures- don't ask me why. There are a couple of days
between the opening dates and the count dates on each sheet- 02/02/08 and
05/02/08. They've calculated the discrepancies and are about to commit.

Here's the stupid, brain dead part- is this count going to set the
quantities in the database to what was on the count sheet on that day or is
it going to take into account movement- sales and POs received- since that
date?

Any insight would be great!

Thanks,
T.

Posted by Kinnard on July 15, 2008, 11:37 pm
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It is going to set your "current" on hand quantities to the quantities that
you commit. That inventory is of no value at this point.

Kinnard

Kinnard L. Kohler
Retail Management Systems of Arkansas
300 South Rodney Parham Road
Parham Place - Suite 1
Little Rock, AR 72205-4747
(Tel) 501-412-5686
(Fax) 501-374-3636
Email: rmsar@sbcglobal.net

"Tara" wrote:

> Hi, I'm wondering if someone can help me. I've gone brain dead regarding as
> aspect of Physical Inventory.
>
> I've a customer who opened a new Physical Inventory for various suppliers
> back in February. They've counted everything within a couple of days but are
> only now inputting the figures- don't ask me why. There are a couple of days
> between the opening dates and the count dates on each sheet- 02/02/08 and
> 05/02/08. They've calculated the discrepancies and are about to commit.
>
> Here's the stupid, brain dead part- is this count going to set the
> quantities in the database to what was on the count sheet on that day or is
> it going to take into account movement- sales and POs received- since that
> date?
>
> Any insight would be great!
>
> Thanks,
> T.

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