A physical inventory count is a structured approach to counting a company’s stock where staff uses a predetermined method to count the goods. Companies schedule a physical inventory count at the end of a reporting period.
Follow the below steps to enable the inventory count in NetSuite To enable inventory count.
1.Go to Setup > Company > Enable Features.
2.Click the Items & Inventory subtab.
3.Check the Inventory Count box.
4.Click Save.
You can create an inventory count in two ways:
• Creating Calculated Inventory Counts – Use the NetSuite calculated list of items to create one or more inventory counts that are due.
To use this feature, first define the Next Count Date and your intended Count Interval in days on the item record. NetSuite then uses this information to calculate when that item needs to be counted.
The Create Inventory Count page shows a list of items that are due to be counted. You can select the items you want to count within a location.
• Creating Manual Inventory Counts – Manually enter inventory counts for items in your location at any time.