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stephen.w.little
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Post subject: PBUSE  Posted: Thu Jul 16, 2009 6:18 pm |
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Question, Our office is using the 10% cyclic inventory, and after 10 months that would adds up to the 100% per year. The question is do I need to print a 100% inventory and have the hand receipt holder sign that inventory, or would a memo stating the 100% inventory was or is completed?
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powellss
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Post subject: Re: PBUSE Posted: Tue Jul 28, 2009 2:32 pm |
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Joined: Sun Mar 23, 2008 4:09 pm
Posts: 75
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By printing and signing the 10% cyclic inventory every month, the legal requirement should be satisfied; although, a yearly MFR probably helps as well. I also believe that the primary HRH is required to sign a full copy of the P/B every month, in addition to the cyclic inventory sheet. Hope this helps.
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