Reynolds Ignite Cycle Count Adjustments

[Dkennison]

Good afternoon,

I am a month into being a new BMW parts manager in central florida.
I have been working the counter for 7 years. And wanted this position for a while. But the manager that I had would not teach me anything. So here we are.

I was wondering how any of the other parts managers dealt with cycle count adjustments?

I have been told to use 2010-Post Transactions to adjust them out, but that doesnt sound right. Could someone chime in with more experience than I have?

Thanks guys. What a great community of information.

David

[Zep33]

I keep an open parts ticket (and a service one) each month. Anything missing or extra gets put on there either billed or credited back. If you are missing parts, your dept should be charged for it and 2010 won't do that. If I end up with extra parts to help wash that out a bit, then it's all good

Things the tech breaks or service wants to write off for whatever reason, they go on the service invoice. I make my guys put notes on any part more than $10 on there in case someone asks why this was on the service ticket 6 months later and no one remembers why they put it there.

[Dkennison]

Thanks, that's a great idea. Now does your fixed ops director want to see adjustments in any direction?

Mine requests to show adjustments.


Thanks again for all the help!

[Zep33]

I'm on CDK nowadays and don't do any adjustments - they do want to see those so I fix everything on invoices.

Part of a large group of stores (60 now I think) and they don't like adjustments - neither do I.

I do my parts tickets at cost and service at cost +10. Never been questioned about it

and if it's an issue like something got receipted twice, I do a return on it with the description - double receipt. I don't adjust or bill those out cause the part never really existed

[MSInventory]

Run a perpetual inventory pad list of the bin(s) you are counting.
Post the counted quantities into the list, and then update. Your variance report will list all adjustments made and you will also see the adjustments in "transactions".
Basically, taking a physical inventory of certain bins.