Stock-taking, “inventory checking” or “wall-to-wall” is the physical verification of the quantities and condition of items held in a store or warehouse. This may be done to provide an audit of existing stock, having the correct stock values on the system is important for accurate reporting.
A routine and systematic procedure for stock take is essential for running the business efficiently and allows for accurate tracking of pilferage, theft, damages, etc., and will also keep your stock asset values accurate.
- Navigate to Stock > Stock Take (Physical Inventory)
- Search for the items manually by barcode, product name or description, if you have a scanner attached to the pc you can scan your items with the cursor focused on the barcode screen and it will appear on this screen.
- Adding an item to the cart by default sets the count to 1.
- On the RHS you can add or remove quantities in the Qty field, ensure that you press ENTER after updating the qty for a line item in order to update the quantity in the cart.
- If you use locators in your business , the correct locators need to be selected here per item.
- No of packs can also be entered if you counting your stock with the highest unit(uom) 6pack, 24 pack etc. this needs to be set up in Product Administration first.
- The Movement date by default will be on the day you do the stock take, you are allowed to back date the stock sheet.
- Sheet Names are usually used to further track or categorise your stock take, you can edit the name and rename it. Sheet names are usually renamed to Aisle number, Bin number or the user assigned to the stock take.
- Note that stock takes cannot complete for items that have no purchase and standard price set.
