Dear netters,
Our auditor is not satisfied with our method of inventory
control. We now use a simple "IN-OUT inventory" where we
count the number of books coming in and subtract the number
going out. He wants us to count the collection (which we
need to do anyway), use an average price to give it a value,
then when each book is added, add the new price, and deduct
an old average price whenever we discard a book. He said
that this is the standard government audit.
This does not make a lot of sense to me (or the auditor) so
I would like to know what the rest of you are doing - and do
you have any forms, databases, etc. to make the job easier?
Please reply to me. I will share my summary.
Thanks,
Jacqueline S. Wright
Arkansas Supreme Court Library E-mail: SCLIBRARY@UALR.EDU
625 Marshall, Justice Building Phone: (501)682-2147
Little Rock, AR 72201-1080 Fax: (501)682-6877
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