Stock Adjustment
What is Stock Adjustment? And how to use it?
Stock Adjustment helps you decrease the goods you hold in stock. You can enter manual stock adjustments to write-off damaged stock or adjust quantities after a stock take. The adjusted quantities will be reflected in your reports to provide accurate data on stock and financial performance.
To create a Stock Adjustment
- Go to “Add Stock Adjustment”.
- Select the Business Location and date.
- Select Adjustment Type (Normal or Abnormal).
Note:
- Normal Adjustment: Adjustments for regular reasons like leakages, minor damages, etc.
- Abnormal Adjustment: Adjustments for unexpected incidents like fire, accidents, etc.
- Add the products and quantities you want to decrease.
- Enter the Total Amount Recovered (if applicable). If no amount is recovered, set it to 0.
Additional Information
The quantities you enter for each product will be deducted from the available stock. You can view all details of your adjustments in the “Stock Adjustment Report”.
Stock Adjustment data is also included in the Profit & Loss Report (P & L Report). Here, the “Total Stock Adjustment” amount is subtracted, and the “Total Stock Recovered” amount is added to the Profit & Loss calculations.
