Friday, July 31, 2009

Physical Inventory Faux Pas
A common mistake made by MISys SBM users when creating a Physical Inventory Batch is to enter the inventory count in both the Counted and Recorded fields.
Counted was intended to represent the quantity you counted (1, 2, 3, 4, 5...) during the physical inventory stock take. Recorded represents the quantity the system "thinks" you have in stock. MISys SBM uses a "net change" physical inventory system so that when the inventory is posted, the quantity in stock is adjusted by the difference between Counted and Recorded. This explains why posting a physical inventory batch with the same value in each field has absolutely no effect.

In MISys SBM version 4.0, the Recorded field can be hidden so you won't be tempted to enter a value there, but until the new version is released -- please take note.

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