The physical inventory application allows a company to proceed with physical inventory counts without having to stop the operations of the accounting department. This is achieved by creating item batches to be counted and by saving the current quantity on-hand of the items with the batch. When the physical counts are entered, inventory is adjusted by the difference between the starting on-hand value and the physical count entered. Multiple users can enter physical counts simultaneously. When batch is processed, item physical counts are totaled. Operator can choose physical or cycle count. Two methods are provided for entering physical counts: Fast and Standard. When in the fast method, the locate button permits the user to locate a line item in the session by either tag number or item number.
Includes three basic reports: inventory report, inventory worksheet, and list of errors and exceptions. When used in conjunction with AWS, the inventory batch is loaded as the warehouse scans the counts.