Inventory Physical Inventory

Physical Inventory (continued)

Releasing the Physical

Auto Adjust and Release Method (continued)

Variance Date - The Variance date will automatically fill in with the Physical Start Date; this date should not be modified.

Account Code - This field will automatically fill in with the default Physical Adjustment COGS account; the User may change this account if necessary.  This will be the offset account to the inventory account assigned to the warehouse used for posting any variances to the G/L.

Category Code - Select the appropriate Category Code from the drop-down list.

Memo - An optional note may be entered into the Memo field.

Once all fields have been populated, press the Save button located at lower right of the form.

Two confirmation message will be displayed;  the first message will ask the User if they are ready to release the Physical; press the Yes button to proceed.  The second confirmation message will ask the User to confirm the adjustment account and date; press the Yes button to proceed if both the account and date is correct.

                              ss7412                                        ss7414

Page   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15                               Page  15