Physical Inventory  

Purpose

Every company must perform a physical inventory of its warehouse stocks at least once every fiscal year in order to balance its stocks. Several different procedures can be used to do this.

Physical inventory can be carried out in the system for a company’s own stock and for special stock.

You can find more information about this process under .

Process Flow

You can find the data for this process under .

  1. Displaying Stock Levels
  2. Creating a Physical Inventory Document
  3. Attempting a Goods Receipt
  4. Entering Inventory Count Results
  5. Posting Differences
  6. Attempting a Goods Receipt Again
  7. Displaying the Accounting Document