Stock Adjustment
Stock Adjustment helps you decrease the goods you hold in stock; you can enter manual stock adjustments. It’s generally used to write off damaged stock, or to adjust quantities after a stock take.
To create a stock adjustment
- First, go to “Add Stock Adjustment”
- Select the Business Location & date
- Select Adjustment Type (Normal Or Abnormal). Normal Or Abnormal is generally used to classify adjustments.
Generally, Normal Adjustment means: adjustment for normal reasons like leakages, etc.
Abnormal means: adjustment for reasons like fire, accident, etc. - Add the products & the quantity by which you want to decrease each product.
- Total amount recovered: Sometimes you can recover some amount from the damaged stock, for example from insurance claims, the sale of scrap, etc. If no amount is recovered, then you can simply make it 0. The recovered amount is taken into consideration when making a profit & loss report; it is added to the total profit/loss.
The quantities entered for each product will be deducted from the available quantities.
You can view the details of stock adjustments in “Stock Adjustment Report”.
Stock Adjustment is also used in Profit & Loss Report (P & L Report). “Total Stock Adjustment” amount is deducted in the P & L Report and “Total Stock Recovered” amount is added to Profit & Loss Report.
Show/Hide Price During Stock Adjustment
While adding a stock adjustment, you can hide the price of the product from certain users.
This can be achieved by following the steps below.
Step 1: Go to User Management > Roles
Step 2: Click the edit button of the required role, e.g., Warehouse Worker
Step 3: Under the Product Section, you can disable the ‘View Purchase Price’ checkbox. If this is disabled, the user with the particular role can’t see the price while adding a stock adjustment.
