# Update Inventory with Physical Counts (PHYS.P4)
Read Time: 1 minute(s)
The PHYS.P4 procedure is used to post physical tag records to inventory. This procedure will select all records with a status of 'C' for counted or 'V' for voided. If any records have a status of 'N' for new, an error message will be displayed, and processing will stop without posting any records.
Innventory transaction (IT) records are created for each part and inventory combination found in the records selected. At the same time, the unit cost and starting quantity are loaded into the physical record for permanent storage and reporting.
Frequency of Use
This procedure is run and the end of a physical inventory as a final process.
This procedure should be run only when all physical tags have been accounted for and the variances on the cost variation report are correct.