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Main Menu > Inventory Control > Stock Adjustments

 

The Stock Adjustments program allows users with access to adjust the physical count of stock, the average cost of a product and to reverse receipt goods that have been receipted incorrectly or by mistake. To create Stock Adjustments please refer to Quantity Adjustment, Average Cost Adjustment and Reverse Receipt for more information.

 

Stock Adjustments Screen

Stock Adjustments Screen

 

Number 1

Adjustment Type:

•Quantity Adjustment - Allows users to adjust the quantity of a product

•Average Cost Adjustment - Allows users to adjust the average cost of a product

•Reverse Receipt - Allows users to reverse receipt a selected product

Number 2

Product - The product code of the product being adjusted

Number 3

W/H Code - The warehouse code of the warehouse the product is being adjusted in

UOM - Displays the products unit of measure

Number 4

Stock Receipt Number - Only available when Reverse Receipt is selected. Clicking magnifying glass will bring up a list of stock receipts for the selected product

Number 5

Stock Levels - Displays the stock levels for the selected product.

•On Hand - Displays the amount of stock on hand

•On Cons'gt - Displays stock that has been invoiced but the invoice hasn't been updated as yet (ie on consignment)

•Committed - Displays the amount of stock allocated to sales orders and/or BOM build orders

•On B'order - Displays the amount of stock on backorder

•In Stock - Displays the amount of stock On Hand less On Cons'gt

•Available - Displays the amount of stock In Stock less Committed

•Total Stock - Displays the amount of stock Available less On B'order

Number 6

Qty to Adjust - The quantity being adjusted, enter as a negative when adjusting stock down

Qty receipted - Displays the amount receipted when Reverse Receipt is selected

Cost - The cost price for the selected product. Users can amend the cost price when performing an Average Cost Adjustment or Reverse Receipt

Avg Cost  - Displays the average cost of the selected product

Reason - Users can select a reason for the adjustment by clicking the drop down arrow and selecting one from the list or by free typing in the field

Number 7

Add Line - Adds the line to the list box to be updated

Clear Line - Clears the information from the line

Global Inventory Enquiry (F9) - Navigates users to the Global Inventory Enquiry for the selected product

Number 8

Displays a list of the products that have been added to the current adjustment

Number 9

Save & Update - Will save and update the adjustment/s

Clear Entries - Will clear all entries from the current adjustment

Exit (F4) - Exits the screen without saving and updating the adjustment

tog_minus Creating a Quantity Adjustment

To adjust the quantity of a product users can select the Adjustment Type of Quantity Adjustment, enter the product code to be adjusted or click magnifying glass to search, change the warehouse code if required, enter the quantity to be adjusted (when adjusting stock down enter the figure as a negative), select a Reason from the drop down arrow or free type a reason into the Reason field and click Add Line (F7). When all products requiring adjustment have been added users will be required to click Save & Update to complete the Quantity Adjustment.

 

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tog_minus Creating an Average Cost Adjustment

To adjust the average cost of a product users can select the Adjustment Type of Average Cost Adjustment, enter the product code to be adjusted or click magnifying glass to search, change the warehouse code if required, enter the cost price of the product, select a Reason from the drop down arrow or free type a reason into the Reason field and click Add Line (F7). When all products requiring adjustment have been added users will be required to click Save & Update to complete the Average Cost Adjustment.

 

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tog_minus Creating a Reverse Receipt

To reverse receipt a product users can select the Adjustment Type of Reverse Receipt, enter the product code to be reverse receipted or click magnifying glass to search, change the warehouse code if required, click magnifying glass in the Stock Receipt No field and select the required stock receipt being reversed, the quantity will automatically populate with the quantity originally receipted from the selected Stock Receipt or enter the quantity to be reverse receipted if it differs, select a Reason from the drop down arrow or free type a reason into the Reason field and click Add Line (F7). When all products requiring to be reverse receipted have been added users will be required to click Save & Update to complete the Reverse Receipt. If the receipt being reversed originated from a purchase order, the purchase order line will still be re-instated so the goods can be receipted again at a later time.

 

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