Points to consider when doing a stock take.

1. Reclaculation of Stock
A recalculation of Stock must be done – this needs to be done up to Period 12

The following must be adhered to:
a) Remove the tick on DONT UPDATE ISSUE COST
b) Remove the tick on DONT UPDATE QUANTITY ON HAND
c) Remove the tick on DONT UPDATE OPENING QUANTITY ON HAND

2. If the STOCK COUNT is taken at 31 March ALL MOVEMENT OF STOCK TO BE STOPPED

3. Take A Snapshot
Create a STOCK TAKE and print the STOCK COUNT SHEETS

4. Take the physical count.

5. Capture the count
Enter the stock count figures unto the Stock take

6. Reclaculation of Stock – to UPDATE SNAPSHOT
NB. THIS MUST BE DONE IF ANY PROCESSING OF TRANSACTIONS DATED EARLIER THAN STOCK TAKE DATE WAS DONE.

7. Do the WRITE-OFFS