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Adagio Links | Products How do I adjust inventory levels?
Sometimes, inventory you sold is returned, or you've found that some items that have come from the vendor were damaged in transit, and you need to make adjustments accordingly. Adagio Inventory's Adjustments function makes that easy, giving you the opportunity to adjust the quantity and/or cost of an item at a particular location.
Make an adjustment by calling up the Enter Adjustments feature via the Transactions menu. From here, click New to create a new adjustment. You can see here that you are given the option to modify the quantity or the cost of the item, or both; and you are asked whether to increase or decrease the quantity and/or cost. You are asked for the item and location that will be affected by this adjustment, and then the quantity and cost fields can be modified as needed. An adjustment that decreases quantity will obviously decrease the amount of that item available at the specified location, for example. If the cost is being adjusted, differences to the cost from the original receipt or shipment are adjusted in the write-off account you choose, as well. Plenty of flexibility is provided if the item uses LIFO or FIFO costing, as you can choose which lot should be adjusted in the area at the bottom of this window. Adagio Inventory also includes a Stock Transfer feature that makes moving stock from one location to another very straightforward. |
