If a company does not wish to complete and post the variances of a physical inventory, they may abandon the physical. Abandoning a physical inventory will delete the physical inventory – no changes will be made to on-hand quantities or amounts.
To abandon a physical inventory, navigate to Inventory > Warehouses.
The Warehouses list will be displayed. Click on the hyperlink in the Warehouse Code column of the warehouse for which you are conducting a physical inventory.
The Warehouse page will be displayed. Click on the Physical Inventory tab. Locate the physical inventory record, and then click on the Edit button.
The Physical Inventory Count page will be displayed. Click on the Abandon button at the upper right of the page.
Before clicking the Abandon button, make certain this is what you want to do. No warning message will be presented to the user.