How to: Set Up Physical Inventory Counting Periods
A physical inventory is typically taken at some recurring interval, for example monthly, quarterly, or annually. You can set up whatever inventory counting periods necessary.
You set up the inventory counting periods that you want to use and then assign one to each SKU or item. When you perform a physical inventory and use the function Calculate Counting Period in the warehouse physical inventory journal or in the physical inventory journal, lines for the bins containing these items or SKUs are created automatically.
To set up counting periods
In the Search box, enter Phys. Invt. Counting Periods, and then choose the related link.
Fill in the Code field with a short descriptive code for the counting period.
Enter a short description in the Description field, if you wish.
Fill in the Count Frequency per Year field with the number of times you want to perform a physical inventory each year.
To assign a counting period to an item or stockkeeping unit
In the Search box, enter Items, and then choose the related link.
Select the item to which you want to assign a counting period.
On the Warehouse FastTab, select the Phys Invt Counting Period Code field, and select the appropriate counting period.
Choose the Yes button to change the code and calculate the first counting period for the item. The next time you choose to calculate a counting period in the warehouse physical inventory journal, the item appears as a line in the Phys. Invt. Item Selection window. You can now begin to count the item on a periodic basis.
See Also
Tasks
How to: Perform a Physical Inventory