Fiscal Year Inventory Question regarding report to run for accurate inventory totals

unknown

Good morning All,

 

I’m wondering what report other facilities are running after fiscal year perpetual inventory is completed to calculate the inventory balance when an inventory is already completed prior to the last day of the fiscal year.

Example –

• End of Fiscal Year is June 30
• Fiscal year perpetual Lawson inventory is completed on June 24.

What report are folks running to calculate the difference of the 6 remaining days of the month to report an accurate inventory total?

Thanks for your help… Damian

0911060553270289.pdf

unknown

Here: The physical inventory is run with Finance auditing select counts. It's an audit but that's not what they book as the final number. At month end, we still run the IC234 same as any other month and that is what the final number for the FY is. It's the ending balance that is needed.



If you are looking for the detail - to see where it went/came in from - the report you want is IC220.