You can adjust the on-hand quantity of items in the Physical Count template. This is useful to get an accurate inventory stock valuation when creating a purchase order or when evaluating the stock of various items.
To adjust inventory:
- From the main menu, navigate to Inventory > Physical Counts.
A list of all the physical count templates appear.
- Click the physical count template you want to adjust.
A summary of the physical count template selected appears on the right.
- Click Edit Count.
The template automatically loads with the item numbers, item description, and system .
- Select the reason for the
Note: Inventory Adjustments reasons are user-definable. Read Inventory Adjustment Reasons.
from the Reason Type drop-down list. For instance, select Physical Count for adjusting the on-hand physical count of the items or select Damaged if you are adjusting the count due to damages caused to the item.
- Enter the physical count quantity for each item in the Physical field.
The Variance automatically calculates the difference by subtracting the physical quantity from the on-hand quantity. If the physical quantity is greater than the on-hand quantity, the variance will be a positive value (highlighted in blue). If the physical quantity is less than the on-hand quantity, the variance will be a negative value (highlighted in red).
- Click Select all to update all SKUs with the physical quantities entered.
In case only some SKUs are to be updated, click the Adjust to physical check box () next to each item you would like to update.
- Click Adjust to apply physical quantity changes.
Tip: Click Save to save and update the quantities later.
A prompt appears with the following message: Do you wish to print an inventory receipt? Click Yes to print or click No to continue without printing.
The page refreshes to the Physical Counts screen.