Overview
One necessary evil for all companies is the physical count, at least once a year the activity of counting the physical inventory on the floor to make sure it matches the books must be completed. In TRX Enterprise the physical counts are used to ensure that the actual quantities of inventory items in a warehouse stocking location(s) matches what TRX Enterprise says is in your database.
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Detail
Physical counts are also performed as part of the implementation of TRX Enterprise to enter beginning balances of items. Items to be counted can be selected based on warehouse location, manufacturer item category or class, count code, building, room, row, shelf or bin location. The physical count process involves the following steps:
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Freezing inventory is the first step of the physical count process. Items to be frozen for a count can be selected based on count codes, category, class, warehouse location or location within a warehouse such as building, room, row, shelf, or bin. INV > Physical Count > Freeze Inventory
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Note: Once a count is frozen transactions can still be made, but the starting count that you froze will not change so you will to have a means of incorporating all transactions made during your freeze into your final count. So if you freeze with four widgets in stock and you count four, but you then sell one before you unfreeze your count. Your new count will need to be adjusted to three.
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