The cycle count worksheet is provided to facilitate the counting
of inventory items in cycles. Cycle counting allows specific inventory
items to be counted based on a cycle code assigned to the item. The actual
quantity on hand for those items is then compared to the computed quantity on
hand and any discrepancies are then adjusted. This allows physical count
processing to be done perpetually without having to shut down operations to
count all the inventory at once.
The cycle count worksheet allows items to be selected for counting by cycle code. All items may optionally be selected for counting if this is the company’s preferred method.