Sometimes, you need to reduce the amount of inventory you have without making a sale. This may be for:
- Breakage - inventory that you have damaged and cannot sell
- Wastage - inventory that is out of date, or needs to be thrown away
- Write-offs - inventory loss due to other reasons such as theft
- Consumption of own inventory - inventory that you use or consume in the course of your business that you are not directly selling to a customer, but that you need to account for in your inventory.
An inventory adjustment is used to do this.
How do I complete an stock adjustment?
- Head onto the left-hand Navigation Bar and click Warehouse
- Click St
- Fill out your Inventory Count details:
- Enter a narrative
Select a date for the Stock Adjustment
- Enter the name of the employee for this adjustment
- Start scanning the products, or use the search facility
- Enter the adjustment quantity for each item, the New Qty column shows you if the adjust quantity is correct, as this will be the new quantity when you are done
- Once you've added everything you want to adjust, click Complete.
Why shouldn't I use the Sales Invoice Screen for this?
If you process inventory adjustments through your Sales Invoice Screen, your margins will be incorrect, and your sales figures will be incorrect when you complete your reports for your accounts. You should never complete inventory adjustment transactions via the Sales Invoice Screen.