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Easy way to adjust Physical Inventory Quantities?
  • petsinthecity
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    Easy way to adjust Physical Inventory Quantities?

    by petsinthecity » Wed Jan 02, 2013 2:02 pm

    This is our first year using Retail Edge and doing our physical inventory for the end of year count. Is there a way to have a simple table of items, skus, and quantities that allows adjustment of the quantity amounts? Our previous software had an inventory list you could pull up (similar to Excel, but internal to the software) that would allow us to go down the list changing quantity amounts to the list as a whole instead of having to go through multiple steps to adjust the amounts. Is there anything similar to this in Retail Edge?
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    Re: Easy way to adjust Physical Inventory Quantities?

    by RetailEdge Moderator » Wed Jan 02, 2013 8:25 pm

    The way most people do physical inventory in RetailEdge is through the PICs (Physical Inventory Collection System). Here is a thread that discusses it and of course it can be found in the program help file.

    http://www.retailedge.com/phpBB/viewtop ... 610&p=1939

    If you prefer the Excel route then you can simply create a spreadsheet with the Stock Number in one column and the quantity in the next. If you want to you can export your inventory with current quantities as a CSV Text file from the Tools Export Menu item in RetailEdge. Then you can pull this into an Excel file and manipulate it to your hearts content.

    Be careful when importing and changing inventory through the PICs. The normal way to adjust inventory in RetailEdge is

    Purchase Orders -> Receiving -> Inventory in
    Inventory Out -> Sales.

    There are other ways of adjusting inventory (like PICs) which is very common. However you should print all your inventory valuation reports before updating your inventory from PICs, so that your accountant can make the proper changes to your inventory accounts in their system.

    Hopefully that helps but let us know if you need more.

    petsinthecity wrote:This is our first year using Retail Edge and doing our physical inventory for the end of year count. Is there a way to have a simple table of items, skus, and quantities that allows adjustment of the quantity amounts? Our previous software had an inventory list you could pull up (similar to Excel, but internal to the software) that would allow us to go down the list changing quantity amounts to the list as a whole instead of having to go through multiple steps to adjust the amounts. Is there anything similar to this in Retail Edge?
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