New inventory count
Inventory count means the counting of assets (goods in stock) and sources of funding at a given date and the determination of differences from the balance in the books of accounts. An inventory count reconciles the book balances with the actual balances. Differences between the recorded and actual data identified by the inventory count must be reconciled to ensure that the book balances (accounting data) form the basis for the most realistic and therefore the highest quality accounting information.
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HINT
For more information on the new inventory count, see the chapter New inventory in the technical guide.
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This part of the user manual is divided into the following chapters:
| Creating a new inventory count |
The company makes an inventory count at the end of the year or at the end of a shorter accounting period. After an inventory count is done and entered into the (computer) system, the stock count has to be compared with the stock in (computer) system records. The following chapter shows how to create a new inventory using the fictional company Tecta as an example. |
| Wizards in New inventory |
The feature Wizards in Inventory count enables you to retrieve the stock of a warehouse or of specific items. The following chapter shows two user examples for each of the functions that can be selected from the Wizards button, Partial stock and In stock (for an entire warehouse).
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