Submitting Inventory Counts

Submit an inventory count after finalizing it and updating all required fields.

1. Click Inventory on the side menu.

2. Click Inventory Count.

3. Select the transaction from the list.

4. Click Submit Count.

5. A pop-up window will appear to confirm the submission process. Click Yes.

6. After submitting the Count transaction, you will see new columns in the transaction details, including the following information: 

• Entered Quantity: The quantity submitted in the transaction.
• Original Quantity: The theoretical quantity calculated by Foodics based on the previous transactions.
• Variance Quantity: The difference between the Entered and original Quantities (variance quantity = entered quantity - original quantity).
• Variance Percent: The percentage of the variance quantity to the original quantity (Variance Percent = [original quantity/variance quantity]*100).
• Variance Cost: The cost of the variance quantity.

Note: The new quantity in the system will be adjusted automatically after the closing of the transaction. So the quantity for the items in the branch/warehouse will be the Entered quantity in the Inventory Count transaction. For example, if the entered quantity for a tomato item is 100 KG, then the quantity on that branch inventory for the tomato will change immediately to 100 KG (Click here to learn how to check the quantities in inventory level report).