You can use the Inventory Adjustment screen to view or enter adjustments if you are tracking inventory items by the periodic method.
To view or enter an adjustment:
1. Select Adjustment from the Inventory menu to open the Inventory Adjustment screen.
2. Enter the product code or name of the item to adjust in the Select Product field.
The adjustments fields appear, reflecting information about the product you selected, including the Product Name and Quantity in Hand, with the current date listed in the Adjustment Date field
3. Enter a Reference number and Description in the appropriate fields, and change the date in the Adjustment Date field, if necessary.
4. Use the Increase Quantity By field in the Increase Inventory panel to specify the amount by which to increase the quantity of the item in hand.
5. Use the Unit Price field in the Increase Inventory section to adjust the cost of the item.
6. Specify the amount by which to decrease the quantity in hand of this item in the Decrease Quantity By field in the Decrease Inventory panel.
The Average Cost field in this panel cannot be changed manually.
7. Verify the adjustments you made in the Quantity After Adjustment field.
The field immediately reflects the increases or decreases in quantity you entered.
8. Click Save to save your adjustments.
The Inventory Adjustment fields close and your changes are saved.
9. Click List to view the adjustment in the Inventory Adjustment List.
The screen provides a list of all previous inventory adjustments. You can review all adjustments and drill down to the originating bill, invoice, or product record for the item or inventory change. In addition, you can export the information in the table to an Excel spreadsheet for review and analysis.
Alternatively, you can select Summary from the Inventory menu to view the adjusted quantities and inventory balances.