Physical Counts

Preparing For A Physical Count
Before The Count: #1 Plan a meeting with your team ahead of time to go over the process. In this meeting, you should create two-man teams to count the inventory. You can assign each team to specific bin locations. If you have inventory spread throughout multiple stock sites, you can assemble specific teams to each stock site to conduct the cou...
Physical Count
preparing
before the count
pre-count screens
Starting A Physical Count
Related Video Content: This video describes the details of preparing for, and starting a physical count, including: physical count filters, cycle counts, and the importance of resolving as many open inventory transactions as possible. Starting A Physical Count:  - When the counts are being completed, have your inventory m...
Managing & Completing Physical Counts
Related Video Content: In this video you will learn how to: make adjustments to entries, complete the count, review available reports, and how to  fill out the count sheet to make the Adjusting Entries process more efficient. Step by Step: Step 1: Open the Physical Counts Search screen (Administration > Inventory > Utilities &g...
Physical Counts - Discrepancies
Details: During a Physical Count you must write true quantities of items on the count sheet. Adjustments can be entered into Evosus after the Count is completed.  - Adjustments are only entered for items where the quantity counted did not match the quantity on the count sheet Step by Step: Step 1: Open the Physical Count screen (Administ...
Physical Count
Discrepancy
preparing
Valuation On Hand - The Breakdown
Definitions: Valuation On Hand: The quantity on hand that tracks with your GL balances. This figure is the accurate On Hand quantity according to GAAP* and legal standards. For customer orders, Valuation on Hand only pays attention to invoiced quantities.  *GAAP: Generally Accepted Accounting Principles On Hand: The quantity you physi...
Physical Counts: The Pre-Count Screens
Definitions: To make things easier during the count process, Evosus provides an opportunity before the count begins to clean up possible discrepancies between Valuation on Hand and On Hand quantities. We recommend that you review each of the pre-count screens presented prior to the count to ensure the best possible outcome and the least number...
pre-count screens
Physical Count
negative items