Inventory (INV)
The Inventory module interrelates closely with the Purchasing, Grants and General Ledger modules. It is essential that all receipting into stores and issues from stores are up to date at this point so an accurate stock take can be completed on the last day of the financial year.
|
Tasks required |
Final date for completion |
|
|---|---|---|
|
Physical stock take (all departments with stores) |
Tue 31 Jul |
|
|
Update Inventory module with results of stock take |
Tue 7 Aug |
|
|
Process all receipts and issues of stock up to 31 July |
Tue 7 Aug |
|
|
Module closes at 5pm |
Tue 7 Aug |
|
|
Central and Research Accounting provide departments with reconciliation |
Fri 10 Aug |
N/A |
[1]
Click on the image for a larger version
In case of queries please contact the Inventory Helpdesk
Tel. 66780 or email UFS_INV@admin.cam.ac.uk [2]
Physical stock takes
All departments with stores (regardless of whether they are using the Inventory modules in UFS) are required to complete a physical stock count as at 31 July.
Inventory module users only
- Enter results of stock count on the Inventory module - reviewing any material variances.
- Ensure all receipts and issues of stock up to 31 July are processed. This includes issues to or returns from research grants.
- Review and resolve any pending transactions.
- Inform the Inventory helpdesk of any miscellaneous processing that is required.
Central and Research Accounting
Central and Research Accounting will:
- carry out GL transfers (Inventory to GL)
- process miscellaneous transactions on request
- reconcile the Inventory and General Ledger valuations and provide departments with the reconciliation documents.