About Processing Adjustments

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 I/C Post Inventory Reconciliation screen to post the item counts and costs that you enter on the I/C 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.