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 Post subject: PBUSE
PostPosted: Thu Jul 16, 2009 6:18 pm 
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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 Post subject: Re: PBUSE
PostPosted: Sun Mar 20, 2011 4:23 am 
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Joined: Sun Mar 23, 2008 4:09 pm
Posts: 75
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.


Last bumped by Anonymous on Sun Mar 20, 2011 4:23 am.


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