To count your inventory items

If you havenít already read the Inventory Adjustments Overview, see Counting inventory items for more information.

  1. Be sure to record any inventory transfers before counting your inventory. Otherwise, missing inventory that was really used to build another item will be accounted for as an expense, such as loss or shrinkage. See Making inventory transfers for more information.
  2. Click Count Inventory in the Inventory Command Center to open the Count Inventory window.
  3. Count the actual items in your inventory and enter their actual quantities in the Counted column.
  4. Click Adjust Inventory. The Adjustment Information window appears.
  5. In the Adjustment Information window, you can specify a default allocation account with which you can track the adjustments you entered in the Count Inventory window. If you choose to enter an account in this window, the inventory adjustment transaction that will be created in the next step will use this default allocation account to track every adjustment you entered in step 3.

Keep in mind that you donít need to enter a default allocation account in the Adjustment Information window, however. If itís necessary for you to use different accounts to track the adjustments you made in step 3, youíll get the chance to enter those accounts in the next step.

When youíre finished in the Adjustment Information window, click Continue.

  1. The Inventory Adjustments window appears. A line item for each adjustment you entered in the Count Inventory window in step 3 is displayed.

Take a look at the Account column in the scrolling list. If you entered a default allocation account for the transaction in step 5, that account appears in the Account column for each line item. If you didnít enter a default allocation account for the transaction in step 5, enter the accounts you want to use to track each itemís change in quantity.

Warning: If the line items arenít correctIf you notice that the amounts in the Unit Cost or Amount columns arenít correct, donít make changes to that information at this time. Finish this procedure, then see To adjust an itemís total value and unit cost.
  1. Click Record.

To count your inventory items