Counting and Reconciling Inventory Quantities

This article provides an overview of the steps in the stocktaking process. More...

Inventory Control includes six screens to help you physically count inventory items, and then enter and post adjustments for the differences between the physical counts and the calculated quantities-on-hand in your Inventory Control system.

To count and reconcile inventory quantities:

  1. Generate inventory worksheets. For detailed instructions, see Generating Inventory Worksheets for Stocktaking.
  2. Print the inventory worksheets that you generated. For detailed instructions, see Printing Inventory Worksheets for Stocktaking.
  3. Count the items in stock.
  4. Enter counted item quantities. For detailed instructions, see Entering Physical Inventory Quantities.
  5. Print the Inventory Reconciliation report. For detailed instructions, see Printing the Inventory Reconciliation Report.
  6. Post the inventory reconciliation. For detailed instructions, see Posting an Inventory Reconciliation.
  7. Confirm that all items were posted, except those with a status of On Hold. For information about reasons items may not be posted, see Inventory Reconciliation Errors.