Skip to main content

Purchasing & Inventory: Period Inventory vs Interim Inventory

Download Our App

Download on the App Store Get it on Google Play

Comments

4 comments

  • Mark Whitmore

    Hi,

     

    Interim Inventory is typically used to manage stock between Period Inventories.

     

    Period Inventories are normally associated with the financial periods of a business, but there are times when an inventory may be required to be completed in between these (for example weekly checks on high cost items)​. Any variances in the Interim Inventory  will be shown as an Inventory Adjustment on the period inventory results.

     

    For information how to start an Interim Inventory there is an article here.

     

    Best

    Mark

    Fourth

    0
  • Andrew McEvoy

    Hi @Deborah Dreibelbis​, we spoke about these questions and I got them posted here for you – I hope this helps to answer your questions!

     

    Best Regards,

     

    Andrew

    0
  • Mark Whitmore

    Hi,

     

    Interim Inventory is typically used to manage stock between Period Inventories.

     

    Period Inventories are normally associated with the financial periods of a business, but there are times when an inventory may be required to be completed in between these (for example weekly checks on high cost items)​. Any variances in the Interim Inventory  will be shown as an Inventory Adjustment on the period inventory results.

     

    For information how to start an Interim Inventory there is an article here.

     

    Best

    Mark

    Fourth

    0
  • Andrew McEvoy

    Hi @Deborah Dreibelbis​, we spoke about these questions and I got them posted here for you – I hope this helps to answer your questions!

     

    Best Regards,

     

    Andrew

    0

Please sign in to leave a comment.