Inventory

Counting inventoried items


 

You may occasionally find discrepancies between the actual quantity of items you have in stock and your MYOB AccountEdge records of those quantities. When discrepancies exist for many items, it can take a great deal of time to enter individual inventory adjustments for each discrepancy.

Fortunately, however, the Count Inventory window will speed the process of updating the quantities of many items for you. By using this window, you can quickly create one inventory adjustment for all items whose quantities you need to change.

Each inventory adjustment you make must be allocated to a specific account so your accounting records accurately reflect the reasons why your inventory needed adjusting. For example, many businesses use one account -- often called "Shrinkage" -- to track natural loss or theft of their items.

Warning!
Setting up an item is different from counting items during adjustments

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