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Cycle Count Process Steps

This document provides instructions for preparing and posting a physical inventory journal in the system. It describes how to calculate inventory by entering posting date, document number, and location filters, which will bring up items according to those filters with calculated and physical quantities. It then explains that the quantity will increase for negative adjustments when calculated is greater than physical, and decrease for positive adjustments when physical is greater than calculated. It concludes by noting that mandatory dimensions must be input for each line, lot/serial numbers can be assigned, and entries will be validated before posting.

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Suraj Rawat
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130 views3 pages

Cycle Count Process Steps

This document provides instructions for preparing and posting a physical inventory journal in the system. It describes how to calculate inventory by entering posting date, document number, and location filters, which will bring up items according to those filters with calculated and physical quantities. It then explains that the quantity will increase for negative adjustments when calculated is greater than physical, and decrease for positive adjustments when physical is greater than calculated. It concludes by noting that mandatory dimensions must be input for each line, lot/serial numbers can be assigned, and entries will be validated before posting.

Uploaded by

Suraj Rawat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Physical Inventory Journal

Search for Physical Inventory Journal and click on the related link.

Select Prepare from the header and click on Calculate Inventory.

A filter list appears in which enter the Posting date (Mandatory field), Document no. (Mandatory
field), No. and Location filters.
The system brings all the items according to filter. At first the Qty. (Calculated) and Qty. (Physical
Inventory) the same, and Quantity is the difference between them.

If Qty. (Calculated) is greater than Qty. (Physical Inventory), then the Quantity increases, and the
entry type changes to Negative Adjustment.
If Qty. (Calculated) is greater than Qty. (Physical Inventory), then the Quantity decreases, and the
entry type changes to Positive Adjustment.

➢ Input the mandatory dimensions: department, branch, project for each line.
➢ Assign Lot/Serial number to each line.

These entries will be validated by finance department, and IT will be posting.

To post the entries, click on Post/Print and select Post.

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