This is the final stage stocktake process. The stock records for all non-traceable items with a variance between the expected quantity and the actual quantity, are updated. The stock movement history and the Nominal Ledger are also updated. If nothing has been entered in the actual quantity for a stock item, the item is not updated.
The stock records for traceable items are not updated, and no nominal transactions are posted.
The stocktake sheet status changes to Complete.
The stock records are updated with the new stock quantity.
If the stock quantity has increased, the new stock is bought in using the average cost price.
However, the standard cost is used if the stock item uses the standard costing method and a standard cost is entered on the stock item's record.
An adjustment is posted to the following two nominal accounts: the default stock nominal account for each stock item, and the stock Variances nominal account that you have specified.
The transaction date that is used is the Stocktake date when the count values were entered.
Open: Stock Control > Adjustments > Manage Stocktake.
Click Complete.
The status of the stocktake changes to Complete.
If any traceable items were included that had a discrepancy, the Stocktake Results (Discrepancy) report is printed. This shows the items with discrepancies only.