Inventory Adjustment

OBJECTIVE

The Inventory Adjustment function is used to correct incorrect inventory quantities. With this option, a manual entry must be made in the general ledger after an adjustment is created.

This option can be used when entering inventory at the outset, when the system is implemented.

PREREQUISITE

Catalogue Management

Steps

Making an Inventory Adjustment

Enter the required information in the Detail tab:

Fields followed by the * character are mandatory fields.

Field

Description

Date*

Date on which inventory is taken.

Reference

Used to identify the inventory adjustment.

Site

Default value used for the adjustment. Available values are from Define Sites.

Field	Description
Date*	Date on which inventory is taken.
Reference	Used to identify the inventory adjustment.
Site	Default value used for the adjustment. Available values are from Define Sites.

Breakdown section:

Field

Description

Inventory Code

Inventory code from Catalogue Management.

Description

Description of the item.

Company

Company at which the item is located.

NOTE: Available in multidimensional mode only.

NOTE: To monitor inventory by company prefix, be sure to make adjustments in the appropriate company.

Unit

Conversion unit.

NOTE: The unit varies based on the factor entered in the item in the Catalogue Management option.

Site

Site on which the item is located.

Location

Where the item can be found on the site.

Characteristic

Item characteristic.

Identification

Item identification.

Reservation No.

Reservation number associated with the item for transactions conducted on this item in the system.

NOTE: The number is displayed automatically if the quantities selected in the Unit field are associated with a reservation number.

NOTE: A reservation can be made manually by entering a number in this field.

Quantity

Quantity for the adjustment.

U.P.

Unit price of the item for the adjustment.

NOTE: Automatic selection of the unit price depends on the configuration in the Selection of UP Adjust and Inventory Transfer field, Inventory section of Configuration.

NOTE: You can change the price displayed by default manually.

U.P. Supp

Supplier's unit price.

NOTE: The unit price is converted according to the supplier factor in Catalogue Management.

Amount*

Value of the adjustment.

NOTE: Items with a fixed cost price of -2 identified in Catalogue Management do not require an amount entered. For these items, the adjustment applies to the quantity.

Field	Description
Inventory Code	Inventory code from Catalogue Management.
Description	Description of the item.
Company	Company at which the item is located. NOTE: Available in multidimensional mode only. NOTE: To monitor inventory by company prefix, be sure to make adjustments in the appropriate company.
Unit	Conversion unit. NOTE: The unit varies based on the factor entered in the item in the Catalogue Management option.
Site	Site on which the item is located.
Location	Where the item can be found on the site.
Characteristic	Item characteristic.
Identification	Item identification.
Reservation No.	Reservation number associated with the item for transactions conducted on this item in the system. NOTE: The number is displayed automatically if the quantities selected in the Unit field are associated with a reservation number. NOTE: A reservation can be made manually by entering a number in this field.
Quantity	Quantity for the adjustment.
U.P.	Unit price of the item for the adjustment. NOTE: Automatic selection of the unit price depends on the configuration in the Selection of UP Adjust and Inventory Transfer field, Inventory section of Configuration. NOTE: You can change the price displayed by default manually.
U.P. Supp	Supplier's unit price. NOTE: The unit price is converted according to the supplier factor in Catalogue Management.
Amount*	Value of the adjustment. NOTE: Items with a fixed cost price of -2 identified in Catalogue Management do not require an amount entered. For these items, the adjustment applies to the quantity.

Click Save.
Click Transfer to ensure the adjustment affects quantities in stock.

Inventory Adjustment

OBJECTIVE

PREREQUISITE

Steps

Making an Inventory Adjustment

See also