Physical Inventory Count Posting

This utility posts all physical inventory count records to the financial inventory accounts. It also updates the quantities at the selected inventory location to the quantities in the reported physical inventory count.

Use this form as part of the physical inventory process.

These files are posted and/or referenced during posting:

• Item/location: This file is updated with the item/location, lot/location, and serial number counts.
• Items form: The Items form is also updated with the quantities on hand of each item.
• Material Transactions: Each adjustment to inventory is posted as a material transaction of type P.
• Item/LIFO: The Item/LIFO file is updated, depending upon the costing method being used, with the new counts.
• Product Code: This file is referenced by the various reports available.
• Inventory Distribution Journal: This file contains the financial adjustments for each item/location/lot combination that changed.