This article covers common inventory issues, questions, and resolutions.
What is book value?
Book value is what the system thinks that you have on hand currently or at the time of a count. It uses count data, purchasing data, and POS data to estimate on-hand values.
What makes my book value look crazy?
Completing mid-period counts (any count that is not Final for Post) that are not accurate or contain incomplete data. However, this should be checked when you review those counts. Any variance that you see in this review will show up in the adjustments column on a Final for Post count - because the system did an adjustment to the book value to match what you told it you had. Be sure that all vendor orders are reconciled on time and prior to completing any count.
Incorrectly reconciled invoices can also impact the value of inventory. It can also look funny if you are inconsistent with what you count.
What should I do before posting an inventory period?
Make sure you are confident in the accuracy of the numbers on the review step. Then run an actual/theoretical cost report on the same time frame, just to be sure everything matches expectations. If you find a problem that you cannot correct, contact Five Guys CrunchTime Team by opening a ticket via https://fiveguyshelp.zendesk.com/hc/en-us/requests/new and do not post inventory until you get a reply from Support.
