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Creating Audits

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AM Stocktake

If you perform a stocktake in the AM, you are counting the closing stock from the previous workdays’ end.
E.g., If you count stock in the AM of the 8th, you are counting the closing stock as of the close of business on the 7th. Therefore, that audit period starts on the 1st and ends on the 7th (inclusive); so, all sales, purchases, wastage and transfers/credits that occur within this date range belong to this audit period.
The next audit period runs from the 8th to the 14th (incl.) with the closing stock count occurring on the 15th in the AM.
*Note: Your closing stock figure from one audit automatically becomes the opening stock figure for the following audit.


PM Stocktake

If you perform a stocktake in the PM, you are counting the closing stock for the end of that business day.
E.g., If you count stock in the PM of the 7th, this is the closing stock figure for that period. Therefore, that audit period starts on the 1st and ends on the 7th (inclusive); so, all sales, purchases, wastage and transfers/credits that occur within this date range belong to this audit period.
The next audit period runs from the 8th to the 14th (incl.) with the closing stock count occurring on the 14th in the PM.
*Note: Your closing stock figure from one audit automatically becomes the opening stock figure for the following audit.