Process Physical Inventory

(PhysProc.exe) When the physical inventory is entered in Physical Inventory Entry, it may be processed immediately by setting the System Option, PhysInv Process Immediately in the Inventory module. If physical inventory is not processed immediately, you will need to run this program, Process Physical Inventory.
After entry, if you need to process the Physical Inventory File, this program will allow you to do so. Select Location, and then choose how you want to update the On Hand and charge inventory.
When Processing Physical Inventory you have 3 Choices.

1. Manual Ledger Entry: With this process we ONLY UPDATE the ON HAND quantity in the Inventory Master File. You can take the Physical Inventory Variance Report and do a Manual General Ledger Entry into your Main Hospital Accounting System.
2. Process as Adjustment: With this process we will update the ON HAND in the Inventory Master File and write an off setting entry as an ADJUSTMENT to the Account Number you choose. This will write to your Budget files and show up on the Monthly Adjustment Journal.
3. Process as Issues: With this process we will update the ON HAND in the Inventory Master File and write an off setting entry as an ISSUE to the Account Number you choose. This will show up on the Monthly Issues Report.

Click on the button marked Process Physical. The system will show you the progression of the process. Above the progression bar, the words Counting Records will appear as it processes. When it is finished, it will say Done.

In the Tools menu, the user may select to View Prior Log Files.