Post
Inventory Reconciliation
Use this form to post inventory counts and costs that you entered in the Physical Inventory Quantities form or the Inventory Counts form.
When you post an inventory reconciliation, the program creates adjustment transactions for any discrepancies between your physical inventory count and the figures calculated by Inventory Control.
Note that when you post an inventory reconciliation for which an adjustment number already exists, the Inventory Worksheet will create separate adjustments for every one hundred items, and append "1", "2", "3", etc. to the end of the document number.
Depending on your settings, posting may only update quantities
When you post an inventory reconciliation, the program immediately updates item quantities so you always know your inventory levels.
Posting however will only update costing, accounting, and statistical information if you chose the option to update costing during posting (in the I/C Options form).
If you update costing during day end processing, you must run day end to update costing information, item statistics, and audit information, and to generate general ledger transactions.
If necessary, you can run day end processing several times a day to keep costing, accounting, and statistical information current.
As well as posting inventory reconciliations to the current session date and reporting period, you can post them to past or future dates and reporting periods.
FIFO/LIFO costed items: For items that use the FIFO or LIFO costing method, the program adjusts the item's offset bucket for Inventory reconciliation transactions.
Before posting an inventory reconciliation
Posting an inventory reconciliation
After using the Post Inventory Reconciliation form
Before posting an inventory reconciliation
Click the Field List button at the top of this topic for information about fields on the Post Inventory Reconciliation form.
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See also