Physical Inventory Variance Report Sample

The Physical Inventory Variance Report lists how much the inventory amounts vary based on the physical inventory count entered and the actual quantities in the Inventory..

Tips:

• To see instructions for running the report shown below, see the Physical Inventory Variance Report Instructions.

• Items with a zero quantity in the physical count field will not report a variance as it cannot be calculated.  In this case, N/A displays instead.

• To see descriptions of the report fields, click More.

   

  Physical Inventory Variance Report Fields Tip:  To see more information about a field, click the hyperlink for the field name.
  Item	ID for item
  Description	Item Description
  Location	Location of item
  PC	Item product category
  Phys Count	The number of items that were physically counted
  Phys Value	The calculated dollar value of the total number of items according to the physical count
  Comp Count	The number of the items as recorded in the system, or the computer count
  Units	The difference between the computer count and the physical count
  Value	Total value of the item according to the computer count
  Percent	The calculated variance between the computer count and the physical count Note:  Items with a zero quantity in the physical count field will not report a variance as it can not be calculated.  In this case, N/A displays instead.