User guide

58
6. Review the remainder of the Audit Reports.
7. End the Audit Mode.
Common Audit Questions
Can I use InventoryControl to perform cycle counts?
InventoryControl can be used for cycle counting, but the process is different from
performing a full physical inventory.
Cycle counting is when a small portion of your inventory is counted on one day, a
different portion is counted on another day, etc.
You can count your subset of items daily, weekly,
monthly or on whatever schedule you like. This
method provides you with constant data on your
inventory counts and, with careful scheduling,
allows all inventory to be counted several times a
year. As an added benefit, it does not require
the business shut down that a full, yearly audit of
all your inventory requires; therefore, you may
find this method less disruptive to your overall
business needs. With cycle counting you can
also have higher-priced or faster-moving
merchandise counted more often so you can
make sure these items are always accurately
stocked. Cycle counting works well for larger businesses for which a total shut-
down to count all inventory is not practical.
TIP:It’sa
good idea to get in the
habit of performing
cycle counts on your
faster-moving
merchandise. This
helps ensure these
items are always
adequately stocked.
Access the reports by selecting
the Reports icon, then scrolling
to the Audit Reports.
Figure 34