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 | + | Select the '''To Account''' to be adjusted by the value of the adjusted stock. |
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| − | + | 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. | |
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| − | + | Select your '''Product''' and your '''Department'''. | |
| + | '''Stock''' can be adjusted by 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 | |
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| − | + | <br> Stock Transfer is typically used to transfer between Bins & Batches. | |
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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 | + | 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 signing on receiving the goods. | + | |
| + | For tracking for Accounting purposes enter a Reason for the transfer. | ||
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| + | <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. | ||
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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. | ||
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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. | ||
Revision as of 14:03, 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 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.
