Inventory Adjustment by Quantity

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

Adjusting the quantity of an item may be necessary when you need to increase or decrease the amount of inventory you have of an item without making a sale. This might be due to a number of reasons (e.g. Miscalculation, theft, incorrect ordering of quantities, etc.).

It could also be used when, for example, you want to take out an item temporarily from your inventory although it has not been sold.

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

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

Adjustment Quantity

Select whether to increase or decrease the quantity of the item.

Times and Dates

Performed Time and Date

This refers to when this adjustment was physically made (e.g. If the adjustment was made a few days ago).

Transaction Time and Date

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

Inventory Location

Tap and choose, from the drop down menu, the location from where the inventory adjustment was made (e.g. Warehouse).

Quantity

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

Reason

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

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 added or taken away (e.g. If you found an unregistered item, it would have no value attached to it. Choosing an account selects where the value of that item is to be added).

Total Adjustment Value

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

Note

Use this field to add any other necessary information.