23 Stock Adjustments - Revision history

Simon Clive at 03:36, 1 November 2011

2011-11-01T03:36:08Z

Simon Clive at 03:03, 1 November 2011

2011-11-01T03:03:08Z

Simon Clive: Created page with " Stock Adjustments Can you process a Stock Adjustment? A Stock Adjustment can also be used to correct the stock levels at any time eg. The system says there is 20 in stock of..."

2011-06-27T23:14:56Z

Created page with " Stock Adjustments Can you process a Stock Adjustment? A Stock Adjustment can also be used to correct the stock levels at any time eg. The system says there is 20 in stock of..."

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Stock Adjustments

Can you process a Stock Adjustment?

A Stock Adjustment can also be used to correct the stock levels at any time eg. The system says there is 20 in stock
of a product in a particular bin but on count there is only 19. An adjustment can be made at that time, ie. you
do not have to wait to carry out a stocktake to make the adjustment.

Typically Stock Adjustment is used for adjustments to stock due to loss/damage or Wasteage.

Select the Inventory tab
Select the Stock Adjustment button
Select the Account to be adjusted by the value of the adjusted stock. (Account needs to be set-up via the
Accounts button). The Inventory Asset account is always adjusted and you must nominate the account for
the other side of the transaction. eg. You may have a suspense account for eg."Damaged Stock"
Search function F5, F6, F7 is available within a Stock Adjustment for ease of selecting the required product/s
to adjust. The Stock Adjustment number auto loads.
Select your product and your Department.
Stock can be adjusted be entering the Final (instock) quantity or the Adjustment. eg. if you have 10 instock
but need to reduce that
Enter the reason for the Adjustment, e.g. Damaged Goods / Stolen Goods etc.
Select 'SAVE'

These adjustments can be viewed in the Stock Adjustment List

Stock Transfer is typically used to transfer between Bins & Batches.

Select Inventory from Main Menu.
Select Stock transfer button.
Select the department to Transfer From then select from the drop down menu for To Account
[ typically an expense account e.g. Stock Adjustment ]
Then select the Product Name
Enter Quantity
Batch and Bin details then any serial numbers relevant
Then Select Process

For tracking for Accounting purposes enter a Reason for the transfer.

To transfer stock from one Department to another when each department run separate accounting systems ERP
recommend creating Sales Orders/Invoices to make the transfer.

Under the company Name enter the Department/Store name then create a negative Sales Order/Invoice to take the
product out of one department.
Then create a Sales Order/Invoice for the Department/Store the product is going to.

By creating Sales Order/Invoice, this creates a paper trail for the stock transfer and a Delivery Docket can also be printed
for signing on receiving the goods.

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 '''Stock Adjustments'''
 Can you process a '''Stock Adjustment?'''
 A '''Stock Adjustment''' can also be used to correct the stock levels at any time '''Eg.''' The system says there is 20 in stock of a product in a particular bin but on count there is only 19. An adjustment can be made at that time, ie. you do not have to wait to carry out a stocktake to make the adjustment.
 Typically a '''Stock Adjustment''' is used for adjustments to stock due to '''Loss/Damage''' or '''Wasteage.'''
-From the '''Main Screen''' select the '''Inventory''' Module and then select the '''Stock Adjustment''' Button
+*From the '''Main Screen''' select the '''Inventory''' Module and then select the '''Stock Adjustment''' Button
-Select the '''To Account''' to be adjusted by the value of the adjusted stock.
+<br> '''Stock Transfer''' is typically used to transfer between '''Bins &amp; Batches'''
-The '''Inventory Asset''' account is '''Always'''
+*From the '''Main Screen''' select the '''Inventory Module''' and then the '''Stock Transfer''' button.
-The '''Stock Adjustment Number''' auto loads.
+<br> To '''Transfer Stock''' from one Department to another when each department runs '''Separate Accounting''' systems ERP recommend creating '''Sales Orders/Invoices''' to make the transfer.
-Select your '''Product''' and your '''Department'''.
+*Under the '''Company Name''' enter the '''Department/Store''' name then create a '''Negative Sales Order/Invoice''' to take the product out of one department.
+*Then create a '''Sales Order/Invoice''' for the '''Department/Store''' the product is going to.
-'''Stock''' can be adjusted by entering the '''Final''' (instock) quantity or the '''Adjustment&nbsp; '''Eg. if you have 10 instock but need to reduce that Enter the reason for the Adjustment, e.g. Damaged Goods / Stolen Goods etc. Select 'SAVE'
+*By creating a '''Sales Order/Invoice''', this creates a paper trail for the stock transfer and a '''Delivery Docket''' can also be printed for signing on receiving the goods.
-−
-These adjustments can be viewed in the Stock Adjustment List
-−
-<br> Stock Transfer is typically used to transfer between Bins &amp; Batches.
-−
-Select Inventory from Main Menu. Select Stock transfer button. Select the department to Transfer From then select from the drop down menu for To Account [ typically an expense account e.g. Stock Adjustment ] Then select the Product Name Enter Quantity Batch and Bin details then any serial numbers relevant Then Select Process
-−
-For tracking for Accounting purposes enter a Reason for the transfer.
-−
-<br> To transfer stock from one Department to another when each department run separate accounting systems ERP recommend creating Sales Orders/Invoices to make the transfer.
-−
-Under the company Name enter the Department/Store name then create a negative Sales Order/Invoice to take the product out of one department. Then create a Sales Order/Invoice for the Department/Store the product is going to.
-−
 By creating Sales Order/Invoice, this creates a paper trail for the stock transfer and a Delivery Docket can also be printed for signing on receiving the goods.