For every Federal Firearms Licensee (FFL), the Acquisition & Disposition (A&D) book isn’t just a record; it’s the heartbeat of your compliance. This “bound book” is the chronological log of every firearm that enters and leaves your inventory. Historically, it was a literal paper book. Today, however, managing this critical record on paper can be a time-consuming, error-prone endeavor – a potential pitfall in the eyes of the ATF.  We understand the unique challenges FFLs face and champion robust solutions designed for precision and peace of mind in compliance.  Why Your A&D Book is Non-Negotiable  The A&D book serves several vital purposes:  Traceability: It allows the ATF to trace the ownership of firearms from manufacturer to consumer, crucial for law enforcement investigations.  Accountability: It provides a clear record of every firearm in your possession, demonstrating your adherence to responsible business practices.  Compliance: Accurate and timely entries are a fundamental requirement of your FFL. Errors or omissions can lead to severe penalties, including fines, suspension, or even revocation of your license.  Best Practices for Maintaining Impeccable A&D Records  Whether you’re currently using paper or considering a digital transition, these best practices are essential:  Timely Recording:  Acquisitions: Every firearm received must be entered into your A&D book immediately upon receipt. This includes purchases, consignments, gunsmithing repairs, and returns.  Dispositions: Every firearm disposed of (sold, transferred, destroyed, returned to owner) must be recorded immediately upon disposition. The key is “contemporaneously” – as it happens, not at the end of the day or week.  Complete and Accurate Entries:  Acquisition Information: Date of acquisition, name and address of the transferor (or FFL name and license number), manufacturer, importer (if any), model, serial number, type, caliber/gauge.  Disposition Information: Date of disposition, name and address of the transferee (or FFL name and license number), and the ATF Form 4473 serial number (for non-licensee transfers).  No Erasures or White-Out: For paper books, corrections must be made by drawing a single line through the error, writing the correct information, and initialing/dating the change. Digital systems handle corrections with audit logs, maintaining a clear history.  Managing Repairs and Consignments:  Firearms taken in for repair or on consignment must be properly acquired into your A&D book.  When the repaired firearm is returned to its original owner, it must be properly disposed of, often linked to the initial acquisition entry.  Consigned firearms that are sold through your FFL follow the standard disposition process.  Reconciliation with Physical Inventory:  Regularly reconcile your A&D book with your physical inventory. This involves comparing what your book says you have to what you physically possess.  Discrepancies must be investigated immediately. Unaccounted for firearms may need to be reported as lost or stolen.  Reporting Lost/Stolen Firearms Within 48 Hours:  This is a critical, federally mandated requirement. If a firearm is lost or stolen from your inventory, you must report it to both your local law enforcement agency and the ATF within 48 hours of discovery.  A corresponding entry must be made in your A&D book, noting “stolen” or “missing,” the date of discovery, and the ATF incident number.  Embrace Your Digital Guardian  While paper A&D books are still permissible, the advantages of electronic solutions are undeniable. They offer automated accuracy, real-time visibility, effortless reconciliation, audit-ready reports, and secure, compliant storage. They create a streamlined workflow that saves time and minimizes stress.  Don’t let your A&D book be a paper pitfall. Embrace the future of FFL compliance. Bravo Store Systems provides comprehensive inventory management and integrated A&D tracking, while E4473 empowers you with a digital solution for ATF Form 4473. Together, these systems can serve as your reliable digital guardians, helping you stay compliant and allowing you to focus on what you do best: serving your customers and growing your business.