After entering your inventory counts into the system, verifying their accuracy, and running a final full Count Variance Report, you can update your on-hand quantities in the system.
Use the Update Physical On Hand utility to update on-hand quantities in the system for an inventory count. This utility auto-loads the counts for a count control file using the count data entered in Physical Count Load-In utility.
When you update on-hand quantities, differences between a product's current and previous on-hand quantities generate inventory adjustments as follows:
If the count was greater than the previous on-hand quantity, the system posts an "In" quantity to the Inventory History Ledger.
If the count was less than the previous on-hand quantity, the system subtracts an "Out" quantity from the Inventory History Ledger.
Review any inventory adjustments using various G/L utilities and the Inventory History Ledger. In addition, when you perform an update to on-hand quantities, the system indicates a product was counted in its product maintenance log even if the on-hand quantity did not change.
See Also:
Updating On-Hand Quantities After Inventory Counts
Tools for Reviewing Inventory Adjustments Made from Inventory Counts
Entering Inventory Counts Overview