Inventory

To count inventory items

1. Be sure to record any inventory transfers before counting your inventory. Otherwise, missing inventory that was really used to build another item will be accounted for as an expense, such as loss or shrinkage.



2. Click Count Inventory in the Inventory Command Center to open the Count Inventory window.



3. Count the items in your inventory and enter their actual quantities in the Counted column.



4. Click Adjust Inventory. The Adjustment Information window appears.



5. In the Adjustment Information window, you can specify a default allocation account with which you can track the adjustments you entered in the Count Inventory window. If you enter an account in this window, the inventory adjustment transaction that will be created in the next step will use this default allocation account to track every adjustment you entered in step 3.

Remember that you don't have to enter a default allocation account in the Adjustment Information window, however. If you must use different accounts to track the adjustments you made in step 3, you'll be able to enter those accounts in the next step.

When you're finished working in the Adjustment Information window, click Continue.

6. The Adjust Inventory window appears. A line item for each adjustment you entered in the Count Inventory window in step 3 is displayed.

Take a look at the Account column in the scrolling list. If you entered a default allocation account for the transaction in step 5, that account appears in the Account column for each line item. If you didn't enter a default allocation account for the transaction in step 5, enter the accounts you want to use to track each item's change in quantity.

Warning:  If the line items aren't correct

7. Click Record.

Related topics

• Counting inventory items
• Creating inventory transfers