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The Physical Inventory Post updates the opening balance only.
When doing a physical, it should be done at the completion of the month after the transactions are rolled into the new month opening balance. When you count, enter the counts, and calculate the variances it is done with the new open balance.
You do not have to post the balances until the end on the new month before you close that month.
Art Shaffer, CPIM
----- Original Message ----
From: "mrogers@xxxxxxxxxxx" <mrogers@xxxxxxxxxxx>
To: BPCS-L@xxxxxxxxxxxx
Sent: Friday, August 21, 2009 11:07:24 AM
Subject: [BPCS-L] BPCS 8.0 Physical Inventory Posting
Does Physical Inventory Posting just reset opening balance ... or does it
also clear out all MTD receipts, adjustments, issues in IIM, ILI, IWI,
etc.
i.e. is it necessary to do an inventory month end close before doing
physical inventory .
.
Micki Rogers
Director - Information Systems
Michigan Wheel Corporation
Phone - 616 248-5317
mrogers@xxxxxxxxxxx
www.miwheel.com
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