PHYSICAL COUNTING

 GAYAKAVADA PAVAN KALYAN RAO

                     PHYSICAL COUNTING

COUNTING: Counting Defines the Difference Between physical Stock & EBS Stock

Ø It is used to verify the On-hand System Quantity and Actual Quantity of the item based on Sub inventory or Organization and perform the adjustments.

Ø Normally we will perform this counting yearly once or twice.

Ø During Physical Counting, the Total Inventory will freeze and can't do any Transactions.

Ø Basically, we perform Physical counting in six steps

v Physical Inventory

v Snapshot

v Tag Generation

v Tag Count

v Approve Adjustments

v Launch Adjustments

Here we have three types of Approvals 

v Always: It asks approval for every single item

v If Out of Tolerance: If the Qty Limit Exceeds then it asks for Approval

v Never: It won't ask for Approval

Here we can Perform Counting for Entire Organization or Specific Sub-inventory

Now Let's Perform Physical Inventory 

Go to 

Inventory -> Counting -> Physical Inventory -> Physical Inventories - take as new

Give the details as shown below and click on the SNAPSHOT tab then click on OK tab

Now we need check that concurrent program (Freeze physical inventory) whether completed or not

Now we can see the status of snapshot complete is Enabled

Now let's Perform Tag Generation

Go to
Inventory -> Counting -> Physical Inventory -> Tag Generation

Select Tag type as BLANK and enter the tag and click on GENERATE tab

 

Then click on OK tab

Now we need to check that concurrent (Generate physical inventory) whether completed or not

Up to now it is SYSTEM STOCK now we give PHYSICAL STOCK

Now we need to  Perform TAG COUNT

Go to

Inventory -> Counting -> Physical Inventory -> Tag Count

Enter the Item and give the Physical Stock for all the tags and Click on VOID ALL and SAVE the SCREEN

Now we need to APPROVE ADJUSTMENTS

Go to 

Inventory -> Counting -> Physical Inventory -> Approve Adjustments

Click on APPROVE ALL tab and save the screen

 

Now we need to LAUNCH ADJUSTMENTS

NAV->Inventory -> Counting -> Physical Inventory -> Physical Inventory

Go to Tools ->Launch Adjustments

Now we need to give the Adjustment Account details then click on the LAUNCH ADJUSTMENTS tab

Then click on OK tab

Now we need to check that program (perform physical inventory) whether completed or not

Now we can see the status of ADJUSTMENTS POSTED is enabled

GAYAKAVADA PAVAN KALYAN RAO