Inventory Adjustments

Purpose

To adjust item status of the stock of a respective item which is neither Manufactured nor Purchased.

Procedure

• Select the location of the item from the drop-down list
• Enter the date of the adjustment
• Select the Item by either the Item code or Item Description
• QOH is the present Quantity-on-Hand
• Enter the quantity of the item which is to be adjusted
• Enter the Unit cost of the item
• Click on the Add Item to finalize the adjustment
• Click on the Process Adjustment to implement the adjustment
• Memo provides the information about the adjustment

Tips and Tricks

• For instance
  Suppose, there has been some mistake in the counting of the stock at a certain location, and later, you find out that you have 5 extra pieces than the counted stock, then you can adjust the stock through Inventory Adjustment

• The same way if there is 5 less pieces in the stock then you can adjust the stock by entering the quantity as -5