Perform A Stocktake For Month End
Back Office - How To
How To? ▲ ▼
To perform a stocktake for month end, use the following example as a guide:
- On the 1st MAY at 6:00 AM:
- Lock all Locations for which the stocktake is to be undertaken, before starting of trading. Refer HERE for more information.
- Post all outstanding Supplier Invoices/Transfers/Adjustments for the previous period APRIL using a posting date/time prior to 1st MAY 6am.
- Count the stock in all Locations before the start of trading.
- Enter stocktakes counts for all Locations when time permits. Refer HERE for more information.
- Print out Variance reports and preview the Period Location Summary (INV018) report to ensure figures are correct.
- Sometime during the first week of MAY, select the Record Period Opening Stock option to record the Period Opening Stock (refer HERE for more information) and move into the next trading period MAY.
- Print out the Period Location Summary (INV018) report for the previous period APRIL.
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- On the 1st JUNE at 6:00 AM:
- Lock all Locations for which the stocktake is to be undertaken, before starting of trading. Refer HERE for more information.
- Post all outstanding Supplier Invoices/Transfers/Adjustments for the previous period APRIL using a posting date/time prior to 1st JUNE 6am.
- Count the stock in all Locations before the start of trading.
- Enter stocktakes counts for all Locations when time permits. Refer HERE for more information.
- Print out Variance reports and preview the Period Location Summary (INV018) report to ensure figures are correct.
- Sometime during the first week of JUNE, select the Record Period Opening Stock option to record the Period Opening Stock (refer HERE for more information) and move into the next trading period JUNE.
- Print out the Period Location Summary (INV018) report for the previous period MAY.
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