Stock Adjustments

It is sometimes necessary to adjust your stock due to loss, damage or obsolete stocks.This menu option also allows you to enter your opening stock.

Click here to create a stock adjustment due to damage or loss

You can import your stock adjustments/opening balances into your stock system, but please note only enter positive stock balances do not enter zero quantity and a unit price.

To create a stock adjustment:

• Select the menu option Stock adjustments from the Stock tab
• Click from the centre section of your screen
  
  
• From the Type box select the option e.g Adjustment
• Enter the product number, location if you have created different warehouses
• Enter the quantity, check the currency and enter the unit price and click OK
• When you have finished entering, all your opening balances will be sat in the listing area of your screen
• Click from the centre section of your screen, alternatviely you can select individual items by ticking the box to the right of the transaction
  
  
• Click from the popup box make the following selection:-

• Enter the date for your opening stock,the system will aways display the current date
• The system automatically generates an entry number which you can cross reference with
• Booking text enter e.g. Adjustments due to damage
• Additional text this is optional if you need to place more information
• Contra account Select your option, in this case Adjustments
• Enter the account your to charge this write off to, if you have selected a default setup the account will be 5202, click OK
• A voucher will appear confirming the transaction which you can print

This short video takes you through entering and booking a stock adjustment