Inventory Adjustment Entry Overview

After cycle counts or manual physical inventory counts, use Inventory Adjustment Entry to view your inventory and make adjustments. You can create new inventory adjustment registers or edit existing entries.

You can also use Inventory Adjustment Entry to adjust inventory for the following situations:

You do not want to adjust inventory through an order.

For example, if a vendor gives you ten extra items on an order as a bonus for the month and you do not want to create a purchase order at zero dollars for these extra items, use Inventory Adjustment Entry to adjust the inventory.

You do not want to create a purchase order because you use average costing and the zero dollar balance would affect your average cost records. Inventory adjustment allows you to adjust your inventory without affecting your monetary accounts.

You need to pull inventory for store-use purposes.

For example, you need to replace light bulbs in your showroom. You pull the light bulbs from your inventory. Use Inventory Adjustment Entry to adjust your light bulb inventory accordingly.

You can post the adjustment to a store-use G/L account to track your inventory costs accordingly.

You damage or break inventory.

For example, you are picking glass panes for an order and drop one that breaks beyond repair. Use Inventory Adjustment Entry to adjust your inventory for the glass panes.

You can then post the adjustment to a damaged-goods G/L account to track your inventory costs accordingly.