💁Agenda of the Video▶️: To share the another different version of Calculating Inventory into two parts using Physical Inventory Journal in D365BC.
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➡️Other Related Information:
To ensure that your quantities are correct, physically count all of the items in your inventory. Some businesses do an annual physical count, and others count all or only some items more often. After you count items, use journals to post the actual quantities to the general ledger. For example, when you valuate inventory at the end of a period.
✅To Count some items more often than others, perhaps because of their value, use cycle counts. For cycle counts, assign special counting periods to the items.
✅To Adjust quantities after a physical count or other purposes, use an item journal to change the inventory ledger entries without posting transactions.
You can also adjust the quantity for a single item on an item card.
✅To Change Attributes on item ledger entries, use an item reclassification journal. Typical attributes to reclassify include dimensions and sales campaign codes.
You can also use reclassification journals for transfers by reclassifying bin and location codes.
✅Special steps apply when you want to reclassify serial or lot numbers and their expiration dates.
