This procedure allows you to complete daily tasks in Inventory.
Enter all new PO receipts or inventory receipts from the packing lists received. (11-1-4) or (8-1-2)
Enter any transfers made to or from subsidiary warehouse numbers. (INV 1-6)
Determine the method you wish to use to control demo supply use.
On hand adjustment with corresponding journal entry. You may want to batch the journal entry weekly. (INV 1-3)
Set up a customer account demo and bill this account (n/c for retail) for the supplies used. (BI 1-8)
Verify integrity of end-of-day Stock Activity--Inventory Report. Correct any errors.
Note: The most accurate inventory audits should take place after daily orders have been released, picked, and shipped. This insures current processing is not interfering with on hand quantities while the audit is taking place. A stock status check at the beginning and end of the audit sets your standards.
Rev 15 Changes
Instruction number 1 was changed to include PO Receipts in Rev 15.
Please call La Crosse Management Systems, Inc. if you have any questions. We appreciate your calls. (608) 784-8400.