Update Inventory with Physical Counts

Physical Inventory Overview | Basic steps of a Physical Inventory

Basic

Important: If you haven't already done so, review your item counts before updating inventory.

When all of your counts have been entered and reviewed, use this procedure to update inventory on-hand quantities to the values you have entered.

1. With the Physical Inventory window displayed, ensure that All Items is selected in the View drop-down filter list at the top of the window.

Requiring that all items be displayed is a precaution to help make sure you are not updating inventory with "hidden" entries.

2. Select Apply Changes to Inventory.

A confirmation window is displayed.

3. Select Y es to update inventory quantities.

4. At the prompt, specify if you would like to run one of the physical inventory reports.

Note: Adjustment memo(s) created

Note: Update QuickBooks financial software

Clear the physical inventory scanner's memory (if applicable)