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Inventory - Adjustments - Adjustment

Use this process to make manual stock adjustments. These include all options for manual stock control such as transfers, adjustments, scrapped items, negative adjustments of FIFO items with serial numbers, etc.

 

Technical Tip

You can't do adjustments on non-inventory items. If you try to adjust stock on a non-inventory item, Micronet displays a warning and does not perform any adjustment.

 

 

Reference

For more information about stock adjustments, see "Stock Adjustments" in the General Ledger manual.
  1. Select INVENTORY | ADJUSTMENTS | ADJUSTMENT.

Micronet displays the Adjustment to Stock screen.

  1. Complete the following fields:

 

Field

Value

 

Item Number

Enter the item number to be adjusted, or press Enter to select an item.

 

Item Description

Micronet displays the item description.

 

Warehouse

Enter the warehouse number where the adjustment is to be made. You can also press spacebar then Enter to select a warehouse.

 

Adjustment Type

Select an adjustment type from the list. There are many options available; the most commonly used include:

  • Adjust – reduces Stock, increases Cost Of Sales
  • Scrapped – reduces Stock, increases Cost Of Sales
  • Credit – increases Stock, reduces Sales, updates Item and System Summary
  • Invoice – reduces Stock, increases Sales, updates Item and System Summary.

Ensure that the correct option is selected since the cost of the adjustment will impact your sales, costs and/or General Ledger balances.

 

Quantity

Enter the quantity for the adjustment as a + or – amount.

Note that you should not enter 0 as the quantity. If you do, Micronet will display an error message when you post the adjustment.

 

 

Technical Tip

Remember that the quantity entered is the quantity to change by, not the quantity that you wish to change to.

 

 

Stock on Hand

Micronet displays the current Stock on Hand in the selected warehouse.

 

Cost

Micronet displays the unit cost of the item to be adjusted.

 

Adjustment Total

Micronet displays the total cost of the adjustment (Quantity x Cost).

 

Unit Sales Values

 

 

Extended Sales

 
  1. If you are making adjustments to a FIFO item, see the next section, "Adjustment to Stock - Serial".
  1. Optionally, you can perform a full item inquiry on the item selected for adjustment.

Refer to "Adjustment to Stock - Inquiry".

  1. When you have entered all the adjustment details, select the Post button to process the stock adjustment.

Stock adjustments post into the relevant General Ledger account as defined in your General Ledger interface settings.

When you have finished making stock adjustments, you can check all the adjustments made by printing the Inventory Adjustment Report (refer to "Inventory - Adjustments - Adjustment Report").