Process Adjustments
Use this dialog box to automatically:
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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.
Zero costs can arise if user-specified costs are not entered properly on shipments or receipts, or if adjustments are entered incorrectly.
Zero quantities can appear after physical inventory counts -- or improperly entered adjustments.
Before you start
Usually, you process adjustments after printing the Item Valuation Report and finding that your costs are out of balance with inventory amounts. (In other words, you use this form to automatically fix problems that you have already found.)
We suggest that you:
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Print the Item Valuation Report.
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Physically check inventory quantities to make sure that the items will be adjusted properly.
To process adjustments automatically
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Double-click the Process Adjustments icon in the Periodic Processing folder.
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Enter the range of item numbers for which you want to create adjustments.
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Enter the range of locations for which you want to create adjustments.
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Choose one of the following types of adjustments:
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Total cost to zero for items with zero quantities
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Total quantity to zero for items with zero total cost
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Total cost for items with non-zero quantities and zero total cost.
If you choose "Total cost for items with non-zero quantities", you must also choose the type of cost to which you want the cost adjusted:
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Standard cost
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Most recent cost (includes the tax)
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Last Unit cost (does not include the tax)
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User defined cost 1
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User defined cost 2
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Click Process.
After processing adjustments
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Print the Item Valuation Report and compare it to the report that you printed earlier.
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Print the Adjustment Posting Journal to check the actual posted adjustments.
See also