Difference between revisions of "23 Stock Adjustments"
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| + | '''Stock Adjustments''' | ||
| − | Stock | + | 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.''' | |
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| − | + | *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. | ||
| + | *The '''Inventory Asset''' account is '''Always''' | ||
| + | *'''E.g '''You may have a suspense account for '''"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 by entering the '''Final''' (instock) quantity or the '''Adjustment ''' | ||
| + | Enter the reason for the '''Adjustment''' '''E.g''' Damaged Goods / Stolen Goods etc and then select '''Save'''<br> | ||
| + | *These adjustments can be viewed in the '''Stock Adjustment List''' | ||
| − | + | <br> '''Stock Transfer''' is typically used to transfer between '''Bins & Batches''' | |
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| − | + | *From the '''Main Screen''' select the '''Inventory Module''' and then the '''Stock Transfer''' button. | |
| + | *Select the '''Department''' to '''Transfer From''' then select from the drop down menu the '''To Account''' - typically an expense account such as '''Stock Adjustment''' | ||
| + | *Select the '''Product Name''' and then enter '''Quantity''' - '''Batch''' and '''Bin''' details then any relevant '''Serial Numbers''' | ||
| + | *For Tracking and Accounting purposes enter a '''Reason''' for the transfer. | ||
| + | *Select the '''Process''' button | ||
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| − | + | <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. | |
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| − | + | *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 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. | |
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| − | Then create a Sales Order/Invoice for the Department/Store the product is going to. | + | |
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| − | 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. | + | |
Latest revision as of 14:36, 1 November 2011
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
- Select the To Account to be adjusted by the value of the adjusted stock.
- The Inventory Asset account is Always
- E.g You may have a suspense account for "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 by entering the Final (instock) quantity or the Adjustment
Enter the reason for the Adjustment E.g Damaged Goods / Stolen Goods etc and then select Save
- These adjustments can be viewed in the Stock Adjustment List
Stock Transfer is typically used to transfer between Bins & Batches
- From the Main Screen select the Inventory Module and then the Stock Transfer button.
- Select the Department to Transfer From then select from the drop down menu the To Account - typically an expense account such as Stock Adjustment
- Select the Product Name and then enter Quantity - Batch and Bin details then any relevant Serial Numbers
- For Tracking and Accounting purposes enter a Reason for the transfer.
- Select the Process button
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.
- 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 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.
