Fields and controls
Buttons
Post
Click this button to post adjustment transactions for inventory reconciliations at the specified locations.
Date
Displays the date to be used for the adjustment transactions. Initially this is the current date. You can enter another date or use the calendar to choose a date.
From Location/To Location
If you want to limit the reconciliation adjustments to those from particular locations, enter the range for From Location and To Location. You can type the location code, or click 
(the Finder button) and select the
location.
Posting Date
Displays the date to be used for posting the transactions to the General Ledger. Initially, this is either the current date or document date (depending on the setting on the Processing tab of the I/C Options screen. You can enter another date or use the calendar to choose a date.
If you have a multicurrency system, this date is also used for currency revaluation adjustments posted to the General Ledger.
This date also determines the accounting period shown for Year/Period.
Note: If you consolidate G/L transactions, the posting date for consolidated entries is the last date of the fiscal period.
Reconciliation Description
(Optional) Type a description of the reconciliation of not more than 60 characters, such as notes.
The description appears on the I/C Adjustments Posting Journal.
The reference may appear on the detail version of the I/C G/L Transactions report (depending on the selection for adjustment details in the G/L Detail Description column on the Transactions tab of the I/C G/L Integration screen).
Reconciliation Number
Type a reconciliation number to distinguish this reconciliation from other adjustment transactions on the Adjustments Posting Journal. You can use a maximum of 22 characters (numerals and upper-case letters).
Note: Reconciliation numbers do not have to be unique.
Reference
(Optional) Type a reference of not more than 60 characters, such as the reason for adjusting the quantities.
The reference may appear on the detail version of the I/C G/L Transactions report (depending on the selection for adjustment details in the G/L Detail Reference column on the Transactions tab of the I/C G/L Integration screen).
Year/Period
Displays the fiscal year and period to which the inventory reconciliation adjustments will be posted in the General Ledger. If you need to change this, change the Posting Date and the program will update this.
Overview
Use the I/C Post Inventory Reconciliation screen to post inventory counts and costs that you entered in the I/C Physical Inventory Quantities screen or the I/C Inventory Counts screen.
When you post an inventory reconciliation, adjustment transactions are created for any discrepancies between your physical inventory count and the quantities calculated by Inventory Control.
FIFO/LIFO Costed Items
For items that use the FIFO or LIFO costing method, the item's offset bucket is adjusted for inventory reconciliation transactions.