Inventory Waste

Inventory waste is for when you need to decrease the amount of inventory you have. This might be due to a number of reasons (e.g. Spillage, Loss, etc...).

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

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

Times and Dates

Performed Time and Date

This refers to when the loss physically happened (e.g. Bottle of wine smashed last Thursday).

Transaction Time and Date

This refers to when this adjustment was put into the system. This will appear in the item stock activity page.

Reason

Tap and choose, from the drop down menu, the reason for the inventory waste.

Quantity

Tap the field and, by using the numeric keypad, input the amount by which to amend your stock.

Inventory Location

Tap and choose, from the drop down menu, the location from where the inventory waste took place (e.g. Warehouse).

Note

Use this field to add any other necessary information.

Advanced Options

Tap ‘Advanced Info’.

This will reveal several further fields.

Value

The default cost of the item will automatically appear, however, you may change this by tapping the field.

Adjustment Account

This refers to where the amount for this item is to be deducted (e.g. If you lost an item, the monetary value attached to it would also be lost. Choosing an account selects where the value of that item is to be taken from).

Total Adjustment Date

This automatically calculates the total waste value, multiplying the quantity of the item by its value.