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Recorded April 2014
Trainer: RJ Petersen

Nearly every business takes a physical inventory (PI) on an annual basis. Taking a PI is vital keeping available inventory quantity, inventory cost and gross profit accurate and up-to-date when job costing, running reports and creating month end financial statements. It can help identify over/under stock quantities, items that need to be returned, damaged goods to be scrapped and goods to be sold as remnants and close outs as well as analyze product performance (quantity on hand vs. sold over 12 months).

• Daily Procedures to Improve Inventory Control
• Pre-Inventory Preparation
• Physical Inventory Counts & Adjustments
• Barcoded Inventory with a Tri-Coder


Description

Recorded April 2014
Trainer: RJ Petersen

Nearly every business takes a physical inventory (PI) on an annual basis. Taking a PI is vital keeping available inventory quantity, inventory cost and gross profit accurate and up-to-date when job costing, running reports and creating month end financial statements. It can help identify over/under stock quantities, items that need to be returned, damaged goods to be scrapped and goods to be sold as remnants and close outs as well as analyze product performance (quantity on hand vs. sold over 12 months).

• Daily Procedures to Improve Inventory Control
• Pre-Inventory Preparation
• Physical Inventory Counts & Adjustments
• Barcoded Inventory with a Tri-Coder