Steps in the screenshots correspond to the numbers in the headings.
The Stock Count Variance Summary Report should be the last thing you do before posting your Stock Count.
The Stock Count Variance Summary gives you a single dollar figure showing the financial impact to your inventory from the Stock Count.
1. The Run ID for the Stock Count is listed.
2. The Place ID and Location for the Stock Run is listed.
3. Both Usable and Unusable Stock is shown.
You will hardly ever have stock in Unusable.
4. The Sum of Variance Value Total is the total inventory adjustment number, containing both the positive and negative.
5. The Sum of Variance Value Positive adds all increases where you found more than the system said you had for Quantity on Hand and gives you the financial impact of those increases.
6. The Sum of Variance Value Negative adds all of the times where you found less than the system said you had for Quantity on Hand and shows the financial impact of that loss.
Continue to recount and investigate anything that is substantially off. Once you are confident that the numbers are accurate, go back to the Stock Count screen and hit the Post button.
Then check the Run Log. If we had 129 we want to see 129 with no errors
Always SAVE a copy of your reports to a folder for your records! EFP does NOT save a copy.
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