Adjust
Inventory for a Stock Item
Product
Menu > Receiving & Inventory > Adjust Inventory for Stock
Item
General
Information
This screen enables you to adjust the current inventory level for a
stock item, the value for a cost lot received of an item, or the
location (bin/warehouse) for a stock item. The quantity may be
adjusted due to shrinkage or spoilage or some other discrepancy.
You might need to change the value due to a clerical error in the
cost entry when recording delivery. You might want to change the
location to accommodate a transfer from one bin/warehouse to
another.
All changes made using this screen are reported in the Inventory Transaction report.
See Also
Purchase
Order List
Purchasing
Methodology
How to
Use the Screen
To Change
Inventory Quantity
-
Enter or lookup (F2) the STOCK # for the item for which inventory
is being adjusted.
-
Optionally, enter a NOTATION FOR ADJUSTMENT to document the reason
the change is being made. This notation is reported in the
Inventory Transaction report.
-
Select the radio button for ADJUST THE CURRENT NUMBER OF UNITS IN
INVENTORY.
-
Enter the QUANTITY TO ADJUST.
-
Enter the UNIT COST paid for the item.
-
Select or change the TO BIN location for the quantity
adjustment.
-
Select the
PROCESS button.
-
Repeat
steps 1-7 for another item or select CLOSE to exit.
To Change
the Unit Cost of an Inventory Lot
Note: If you have selected
Average Cost as your inventory valuation method, there are no cost
lots because all inventory on an item is assumed to be in one
single lot. In this case, this task has no application.
-
Enter or lookup (F2) the STOCK # for the item for which the price
is being adjusted.
-
Optionally, enter a NOTATION FOR ADJUSTMENT to document the reason
the change is being made. This notation is reported in the
Inventory Transaction report.
-
Select the radio button for ADJUST THE UNIT COST OF AN INVENTORY
LOT.
-
Use the list box to select the INVENTORY LOT.
-
Enter the CURRENT UNIT COST for the item.
-
Select the
PROCESS button.
-
Repeat
steps 1-6 for another item or select CLOSE to exit.
To Change
the Location of an Item
Note: This task has no
application unless at least two locations have been set up for an
item. If you are using the Advanced
Warehouse Module with multiple warehouses, these bins may be in
different warehouses.
-
Enter or lookup (F2) the STOCK # for the item for which the
bin/warehouse is being changed.
-
Optionally, enter a NOTATION FOR ADJUSTMENT to document the reason
the change is being made. This notation is reported in the
Inventory Transaction report.
-
Select the
radio button for TRANSFER INVENTORY BETWEEN WAREHOUSES AND
BINS.
-
Enter the
amount of inventory to MOVE.
-
Use the
pull-down menus to select the FROM location and the TO
location.
-
Select the
PROCESS button.
-
Repeat steps 1-6 for another item or
select CLOSE to exit.
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