Inventory - Physical Counting

 PHYSICAL COUNTING

• 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.
•  Normally we will perform this counting yearly once or twice.
• During Physical Counting, the Total Inventory will freeze and can't do any Transactions.
• Basically we perform Physical counting in six steps
• Physical Inventory
• Snapshot
• Tag Generation
• Tag Count
• Approve Adjustments
• Launch Adjustments

Now Let's Perform Physical Inventory 

Go to 

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

Here we have three types of  Approvals 

• Always - It asks approval for every single item
• If Out of Tolerance - If the Qty Limit Exceeds then it asks for Approval
• Never - It won't asks for Approval

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

Now Click on Snapshot and Re-Open the screen

Now we can see Snapshot as Completed

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

Up to now it is System stock now we give Physical stock

Here we 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

Now we need t Approve the Adjustment

Go to 

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

Click on Approve all and save

Now we need to Launch  Adjustment

Go to

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

Go to Tools - Launch Adjustments

Now we can se status as Adjustments Posted