Inventory Control provides several screens for adjusting item costs and quantities:
- Use the Adjustments
screen
in the I/C Transactions folder to change item costs and quantities as needed.
You would use the Adjustments screen to:
- To update the quantity on hand at a location to agree with your physical inventory count.
- To return goods to a vendor after you have completed the receipt.
- To remove additional cost remaining on a receipt when you return the total quantity received for an item at a location to the vendor.
For more information, see I/C Adjustments Screen.
- Use the Process
Adjustments screen
in the I/C Periodic Processing folder to create adjustments automatically to:
- Write off the cost of items with zero quantities.
- Write off the quantities of items with zero cost.
- Adjust the total costs of items with non-zero quantities and zero total cost to a new cost.
For more information, see I/C Process Adjustments Screen.
- Use the Post Inventory Reconciliation screen
in the I/C Physical Inventory folder to post the item counts and costs that you enter in the Physical Inventory
Quantities screen. Inventory Control creates adjustment transactions when you
post an inventory reconciliation.
Note: When you post an inventory reconciliation for which an adjustment number already exists, the Inventory Worksheet will create separate adjustments for every one hundred items, and append "1", "2", "3", etc. to the end of the document number.
For more information, see I/C Physical Inventory Quantities Screen and I/C Post Inventory Reconciliation Screen.