Point of Sale consolidates multiple entries and then transfers the counts to the Physical Inventory window. Enter an item identifier (UPC, alternate lookup, or item number) and then the count, pressing after each entry.
This is usually the fastest manual way to enter counts, even if an item is counted several places in the store on different worksheets.
Use the optional QuickBooks-approved physical inventory scanner to go through your store scanning item bar codes and entering counts.Modify the report as necessary to display and group your items in a manner that makes sense for counting in your store. Select Run a Report † PI Worksheet from the I Want to menu. Print a Store Count Worksheet and take it with you through the store recording counts.Physically count item quantities on hand using one or both of these methods:.(Pro Headquarters) Enter the Store for which you are entering counts. Select Start Physical Inventory from the Inventory menu.Use the links on this page for specific instructions to complete a step. These are the basic steps to complete a physical inventory. If you are Headquarters in a multi-store configuration, select the store for which you will enter physical counts.Select Start Physical Inventory or Continue Physical Inventory from the Inventory menu.To start or continue a physical inventory:
Headquarters can create and update a physical inventory for itself or for any store.
When a remote store updates a physical inventory, quantity adjustment memos are automatically created and sent to Headquarters during the next Store Exchange. (Pro) A physical inventory is for one store only. You can review or reverse the last updated physical inventory. Point of Sale provides several ways for you to review changes before updating inventory and alerts you if a new transaction has affected an item between when a count was entered and inventory updated. A physical inventory can be saved as you go and then inventory updated when you are done. You may find it easier to conduct your physical inventory by department, aisle, or some other discreet physical sections, entering counts and saving for one section of your store at a time. The entire store does not have to be counted at the same time.
Counts can be recorded on a printed Store Count worksheet or scanned into the optional physical inventory scanner, and then transferred to Point of Sale. It is recommended that a physical inventory be done after initially entering your inventory when first starting to use Point of Sale and periodically thereafter.Ĭonducting a physical inventory involves going through the store and recording the actual item quantities on hand. Please read this article in its entirety before starting the counting process.Ī physical inventory is the process of verifying or correcting the on-hand item quantities in your Point of Sale inventory by conducting a physical count.