Processing Adjustments
Inventory Control provides several forms for adjusting item costs and quantities:
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Use the Adjustments form to change item costs and quantities as needed. Some examples of when you would want to use the Adjustments form are:
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To update the quantity on hand at a location to agree with your physical inventory count.
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To return goods to a vendor after you have completed the receipt.
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To remove additional cost remaining on a receipt when you return the total quantity received for an item at a location to the vendor.
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Use the Process Adjustments form to automatically create adjustments to:
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Write off the cost of items with zero quantities.
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Write off the quantities of items with zero cost.
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Adjust the total costs of items with non-zero quantities and zero total cost to a new cost.
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Use the Post Inventory Reconciliation form to post the counts and costs that you entered in the Physical Inventory Quantities form. The program creates adjustment transactions when you post inventory reconciliations.
Note that when you post an inventory reconciliation for which an adjustment number already exists, the Inventory Worksheet will create separate adjustments for every one hundred items, and append "1", "2", "3", etc. to the end of the document number.
See also
Process Adjustments form (for automatic adjustments)