Re: Physical Inventory

Long and short of it, counts are all screwed up.

Month end is important for physical inventory because physical inventory is
tied to opening balance. When reconciling and posting counts only opening
balance in a location is considered. This is in recognition of the fact
that in many shops, the policy of freezing inventory movements, especially
shipping, during physical inventory tends to be like the abominable
snowman. It always disappears when the heats on. To allow for this in a
large part of the client base, BPCS ignores all adjustments, issues, etc.
and just considers the opening balance. This allows clients to clear an
area and start working before all counts have been posted. Only at month
end after INV920 does your opening balance reflect actual inventory.  If
you count during the middle of the month, all inventory activity during the
month will be ignored and adjustments will be posted against the beginning
of the month balances. The results will look as if your ticket count became
the opening month balance, and then all monthly activity gets reapplied to
come up with current inventory. Many people will be very unhappy.

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