Physical Inventory Counts
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1) | If desired, classify items based on importance, using ABC Analysis.
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2) | Select the Count Physical Inventory menu option.
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3) | Click the New button to add a new blank batch, or click AutoBatch to automatically create a prefilled batch.
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4) | Select the Edit button to edit the desired open batch.
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5) | Enter the counts, or import counts from an external source.
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6) | Click the Post button to post the batch when ready.
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On-hand quantities are shown in the batch as of the date created. If the on-hand inventory has changed since batch creation, the user should select Reset Batch to reset the on-hand amounts.
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Actual unit quantities are used for counts, unless an AutoBatch was created using a different unit of measure.
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Cycle Counts | The program will choose inventory items based upon prior ABC analysis, where items have been assigned a classification and have not been counted in a determined amount of time.
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Other Criteria | The program will choose inventory items based upon filtering factors, such as category and department.
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Like most other posting processes, batch count posting is irreversible. In the event of power failure or computer lockup during posting, re-attempt the posting process again to finish the process.
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Q01. | How often should physical inventory counts be performed?
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A01. | This is a matter of choice for each company. Generally, most companies reconcile inventories every 3 to 6 months.
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Q02. | If a user creates an inventory count and then posts the wrong quantities, how can this be fixed?
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A02. | Once an inventory count has been posted, there are only two ways to fix it. Either perform a manual inventory adjustment on the item, or another inventory count must be run.
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Q03. | What brand of data collector does Intellisoft recommend?
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A03. | Any data collector can be used as long as it can output to an ASCII file.
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Q04. | I don't see my question here. Where else can I get information?
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A04. | Visit our website's Technical Support section.
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