Count inventory with the physical inventory journal
Occasionally, at the end of a fiscal year (as a minimum), the items that are physically in the company warehouse(s) must be counted to check if the quantity that is registered in the program agrees with the actual inventory quantity. If differences occur, they must be posted to the items.
To assist in taking a physical inventory, Business Central provides a special version of the item journal: the physical inventory journal.
Taking a physical inventory involves several steps:
Fill in a physical inventory journal with calculated (expected) inventory.
Count the quantity of each item.
Enter the counted quantities in the physical inventory journal.
Post the journal.
After you have posted the journal, the inventory quantities that are registered in the program will agree with the actual quantities in inventory, as determined by the physical count.
Watch the following video to learn how to use the physical inventory journal in Business Central.