How to Conduct a Firearms Inventory for FFL’s

By Justin Stakes

USA -(AmmoLand.com)- In an effort to keep firearms out of the hands of prohibited persons and to promote good business practices, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is providing this information to help educate the firearms industry and Federal firearms licensees (FFLs) about preventing the loss of firearms.

FFLs should conduct business inventories to identify and prevent firearms inventory loss by theft or improper recordkeeping.

By conducting an inventory and comparing the physical inventory to the acquisition and disposition (A&D) record, FFLs can:

• provide timely trace information to assist law enforcement with criminal investigations;
• ensure the accuracy of inventory balances;
• determine if firearms have been stolen by customers or employees;
• remain in compliance with laws and regulations on recordkeeping and reporting of lost or stolen firearms.

There are four general steps to take when conducting an inventory. Each step will assist you in ensuring all firearms on the premises are properly recorded in your A&D record. It will also ensure that all firearms no longer at the licensed premises have dispositions recorded.

First, identify all ‘open dispositions.’ An open disposition is a firearm recorded as an acquisition …Read the Rest

Source:: AmmoLand