Adjust Inventory allows you to correct the recorded quantity or value of your inventory items due to causes like physical counts, spoilage, or theft.
- Adjusting inventory is a posting transaction if the inventory value is adjusted or changed. Quantity adjustments do not affect your chart of accounts.
Create a New Adjustment
- Go to Items on the left sidebar, and select Adjust Inventory
- Click Add New button in the top right corner.
- On the new adjustment page, fill in the following fields
- Adjustment number is an auto generated number.
- Adjust Type: Quantity, value or both.
- Date: Default date is today.
- Reference: optional
- Warehouse: You can adjust inventory at any warehouse.
- Expense Account: It is required if you adjust inventory value.
- Memo: for your reminder.
- Details
- Click “Add Line” button to add new detail line or click “Open Dialog” button to add detail line in the dialog.
- Item. Select an item from the dropdown list.
- Description. Automatically filled when you select an item.
- Quantity: It can be either positive or negative quantity.
- Uom: The stocking unit or primary uom of the selected item.
- Amount: You may enter negative value to decrease inventory value.
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- Click Save
