23 Stock Adjustments
From TrueERP wiki
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.
