Reconciling Inventory Balances

Question 1

In the Manage Inventory Work Center, you can help ensure accurate balances by reconciling your current inventory balances with your physical counts.

Question 2

This activity ensures that the final current balance includes transactions that occurred between the date and time that you saved the physical count data and the date and time that you reconcile the balances.

Question 3

You typically reconcile inventory balances for a storeroom soon after a physical count.

Question 4

Sometimes a delay occurs between counting and reconciling, and during the delay, transactions, such as issues, returns, transfers, and receipts can change the current balances

Question 5

You want to include these transactions with the physical count updates to get accurate current balances.

Question 6

4 Transactions

Answer 6

Issues, Returns, Transfers, Receipts