Inventory/ Stock Adjustment

7.0. Stock Adjustment

What Are Types Of Adjustment?


Alert
STEPS:
  1. Click SETUP activity
  2. Click ITEM DETAILS
  3. Click ADJUSTMENT TYPE module
  4. Click NEW
  5. TYPE select on the top left side of the module

  6. NEW This is meant for you add new item in to the stock list.
  7. ADJUSTMENT This is meant for you to adjust the quantity or cost of a stock item
  8. COST ADJUSTMENT This is meant you to adjust the stock cost of the item
  9. MOVEMENT This is for you to move stock items between warehouse or locations within warehouse.
  10. Click UNDO

How Do You Transfer Stock From One Warehouse To Another?



Alert
STEPS:
  1. Click NEW
  2. CODE enter MOVT
  3. DESCRIPTION enter Transfer
  4. A/C select EXP2000 Should there be any difference in stock cost during the transfer, it will be posted to this selected Account.
  5. TYPE select Movement
  6. Click ADD


Alert
STEPS:
Click ADJUSTMENT activity
Click ADJUSTMENT
Click STOCK ADJUSTMENT module
Click NEW
MODE select SINGLE Should you have more than one item
required to transfer, select MULTI
TYPE select MOVT
Click [S]
ITEM select Canon Laser Printer
QUANTITY enter 1
WAREHOUSE select Changi
LOCATION select Rack 2
Click ADD



Alert
STEPS:
  1. Click REPORT activity
  2. Click INVENTORY
  3. Click STOCK module
  4. Click REFRESH
Note that 1 set of Canon Laser Printer is now transferred to Changi warehouse.


What Should You Do With Stock Items Found?



Alert
STEPS:
  1. Click NEW
  2. CODE enter ADD
  3. DESCRIPTION enter Add Stock
  4. A/C select EXP2000 When stock is added/debited to inventory account, the account selected will be Credited.
  5. TYPE select New
  6. Click ADD

Alert
STEPS:
  1. Click NEW
  2. TYPE select ADD
  3. ITEM select Canon Laser Printer
  4. QUANTITY enter 10
  5. UNIT COST enter 190
  6. Click ADD


Alert
STEPS:
Click REFRESH
Note that Canon Laser Printer quantity is now 11 sets cost is now 180

How Can You Adjust The Stock Cost?



Alert
STEPS:
  1. Click NEW
  2. CODE enter COST
  3. DESCRIPTION enter Cost Adjustment
  4. A/C select EXP 3100- Transportation
  5. This is to adjust the stock cost.
  6. TYPE select Cost Adjustment
  7. Click ADD

  1. Click NEW
  2. TYPE select COST
  3. Click [S]
  4. ITEM select Canon Laser Printer
  5. TOTAL COST enter 1,200
  6. Click ADD
  7. Click REFRESH
    Note that the total cost for Canon Laser Printer is adjusted to $1,200


How Do You Do An Update After Stock Check?



Alert
STEPS:
Click NEW
> CODE enter ADJ
> DESCRIPTION enter
Adjustment
> A/C select EXP2000
Any difference in cost will be adjusted to this account.
> TYPE select Adjustment
> Click ADD
> Close module




Alert
STEPS:
  1. Click NEW
  2. TYPE select ADJ
  3. Click [S]
  4. Select Dell Desktop
  5. QUANTITY enter 5
  6. Click ADD
  7. Close module


Alert
STEPS:
  1. Click REFRESH
Note that Dell Desktop quantity is now 5 with total cost of 5000.



Alert
STEPS:
Click REPORT activity
> Click INVENTORY
> Click STOCK module
> Click REFRESH
The report shows the latest stock status of all stock items. Note that you may enter at Filter to search for specific Lot No., Warehouse or Location.










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