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Rollover of Inventory

Jayne Taylor

Hi, following the webinar last week regarding rolling over inventory figures to the next month I do have another question.

As all of our venues are on lock down obviously there will be no staff around to take inventory on the 30th April.  I know that I can create a new inventory cycle and uncheck areas so this will carry over their inventory values.  The figures that roll over to be their closing inventory does this take into account any transfers that have take place during the period?

I hope I have explained this properly!  Basically as we are on lockdown in our venues we have transferred a lot of stock during this current period P1 from our other Properties to our NHS Nightingale Outlet at the NEC Property, so If we have transferred stock out of an area during period 1 to go to the NHS locations will this adjust the closing stock of that area or would it still be exactly the same as P12?

Happy to discuss on the phone if its easier to explain

 

 

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Hollie

Hi @Jayne Taylor​

 

Just to expand on @Joshua Wright​ 's answer slightly. The above statement applies when the Outlet is set to 'Perpetual' Type. If it is not perpetual, it will take the 'beginning inventory' as the closing count.

 

Many Thanks

Josh W

Hi Jayne,

 

I hope you're keeping well during these difficult times!

 

When you set inventory to rollover, the inventory values are derived from the stock on-hand. The on-hand value of your inventory will be impacted by Transfer; therefore, you inventory values will reflect this after you close the period.

 

All being well, this answer's your question, but please reach out to us if you experience any difficulties.

 

Many Thanks,

 

Joshua 😁

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