Finance

POS ONE Update: Automation of Revaluation of Postage Stock

Effective May 12, 2008, a software change will be downloaded to the POS ONE reporting systems. This software change will allow for POS ONE to automatically revalue stamp stock based on the item numbers and the quantities stated on the Inventory by Category report.

In preparation for the May 12, 2008, stamp stock revaluation, postal retail units with POS ONE reporting systems must ensure that all stamp stock inventory in the retail floor stock, unit reserve stock, and other segments are accurately identified by their respective item numbers and correct quantities. To ensure this, print an inventory by category report and validate that all stamp stock is properly represented by item number and quantities. For inventory discrepancies, see POS ONE Procedures Guide, http://blue.usps.gov/delret/L2rsnam/L3rse/pos/posprocedures guide051407.pdf, Section 12, Counts — Stock, Cash and Money Orders.

Once stamp stock inventories are appropriately represented in the POS ONE Inventory by Category report, ensure that all sales of stamp stock are properly scanned into the POS ONE reporting system. Retail associates must sell stamp stock by the proper item numbers to prevent revaluation discrepancies.

Inaccurate stamp stock inventories represented in the POS ONE reporting system will cause accountability discrepancies when the automatic revaluation of postage stock is downloaded.