Post Inventory Count Sheets |
  
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The Post Inventory Count Sheets function is the last function in the Stock Take process. Running the Post Inventory Count Sheets commits the adjustments entered per item for quantity on hand from "Update Inventory Count Sheets." The Post function updates the product quantities in the product file for each product that was adjusted and is also used in the accounting extraction via Daily Close 3.
First, set up the General Ledger account that will be used against the Inventory account per each item's Product Category to which it belongs. Click the SETTINGS icon at the top of the window to input the Inventory Adjustment account. Enter the Expense account to be debited for inventory adjustments. A posting is made to this account for the value of the inventory when product quantities are changed during a stock take.
After the Set Up of the Inventory Adjustment Account has been completed, select the location for which Post Inventory Count Sheets are to be posted. If you choose "Set Count Date For All Items", the system will update each product with a "DATE COUNTED" for each location when you post the inventory count sheets. Product Information files will show this DATE COUNTED so that users know the last time this product was counted.
Press CONTINUE to Post Inventory Count Sheets and print the reports. Once the Inventory Count Sheets are posted, the posting will be included with the next Daily Close 3 batch created.
The report should be kept as an Audit Trail for the posting.