Inventory Adjustment by Value

There are two types of inventory adjustment available to use, adjustment by quantity and adjustment by value.

Adjusting the value of an item allows you to change the unit value for an item (what the item is worth in monetary value to you).

Changes will be reflected in item information, showing the updated quantity.

All adjustments are recorded and available to view in Item Stock Activity.

Begin by selecting the item for which you wish to adjust the value, followed by tapping the Adjustment by Value button, as highlighted below.

Times and Dates

Performed Time and Date

This shows the time for when this adjustment was actioned.

Unit Value

This field allows you to adjust the unit value of the item. The Item Account Value is the Unit Value multiplied by the Item Balance (e.g. If you have 9 items that are each worth £10.00, the total value in your inventory would be £90.00).

Adjustment Account

This shows where the amount for this item is to be added or removed in terms of accounting.

Reason

Tap and choose, from the drop down menu, the purpose of changing the inventory quantity.

Note

Use this field to add any other necessary information.