Overview:

Stock Adjustments are used when there is a discrepancy between the calculated stock and actual on-hand stock, usually as part of a Stocktake. Adjustments can be automatically created based on the result of a stocktake and viewed here, but manually adjustments can also be created.

The Accrual transactions generated when an Inwards Goods Receipt is created, are included in an a System Job Adjustment Batch.

Screen Guide:

Open

The initial list shows existing open batches within the current year/period. To create a new batch, click + New Batch (this can also be done within a Stocktake on the Adjustments Tab).

Click on the Batch No field to see the contents of an existing batch.

Open

The batch entry/details screen shows the batch header information at the top as well as the ability to close the batch preventing further entry and making it ready for export via Export Control.

The Costing Method is determined by the Control Parameter and can be Standard-, Average-, or Last-cost based.

• Date is the date of the adjustment (must be in the same Year/Period as the batch).

• Stock is the Stock Item being adjusted.

• Location is the Stock Location where the adjustment is occurring. It only allows Locations on the Financial Company of the Batch.

• Description defaults with the Stocktake number if it originates from Stocktake. Otherwise, it can be the reason the adjustment is happening.

• Quantity is the amount being adjusted.

• Cost Rate defaults from the Stock and the Costing Method.

• Cost is the product of the Quantity and Rate fields.

Next Steps:

Remember to export batches in Export Control.