1._____ Backup data files.
2._____ Run the Quantity Cross Verification function from the
Periodic Processing menu to update the INQTxxx file.
3._____ Use the Physical Count Selection function to set up the
batch or batches for the Physical Count. If you are ready to conduct
the physical count right away, freeze quantities for the batch when
you create it. If you are not conducting the physical count right
away, use the Freeze Quantities Function on the Physical Inventory
menu to freeze quantities right before you conduct the physical
count.
4._____ Print tags and/or worksheets for the batches. Print tags
before worksheets to include tag number on the worksheets.
5._____ Use the Freeze Quantities function - if you did not
freeze quantities when you created the batch—before you conduct
the physical count. (Print an Item Status Report for a record of the
on hand quantities immediately before or after freezing quantities
for a batch.)
6._____ Use the Batch List function at any point in the physical
inventory process to determine what steps have been completed for a
batch and as a record of batch set up selections.
7._____ Conduct the physical count.
8._____ Enter the physical count information. Use the Physical
Counts Tag Entry function to enter the counts recorded on tags
printed using the Print Physical Inventory Tags; use the Physical
Counts Worksheets Entry function to enter the counts recorded on
worksheets or preprinted tags.
9._____ Print the Physical Count List and verify physical counts.
Use the Physical count Tag Entry or Physical Count Worksheet Entry
function to edit the physical count if necessary.
10.____ Print and review the Variance Report for the batches as
part of the audit trail.
11.____ Use the Physical Count Valuation Report to check the
inventory value and item quantities based on the physical count
information.
12.____ Backup data files.
13.____ Use the Update Perpetual Inventory function to update
inventory quantities and value. Use the log produced as part of the
audit trail.
