Inventory Adjustments

Inventory Adjustments

Inventory Adjustments


Sometimes it is necessary to adjust the quantities on hand or cost of an item.   Breakage, theft, loss or miscounting can cause the true quantity on hand to differ from what AccountingSuite™ reports.  Adjusting inventory counts is a necessary part of doing business in a product company. We’ve made it easy with our Inventory Adjustments document.


The Inventory Adjustment 

Creating Inventory Adjustments


  1. Navigate to Inventory → Inventory Adjustments
  2. Click Create.
  3. Change the date if necessary.
  4. Enter a number for the adjustment or allow the system to enter it for you.    This auto numbering sequence may be changed by going to Settings / Utilities / Document Numbering.
  5. Enter the item code to adjust. The system will pre-fill the Cost of Goods Sold Account from the Item Card. This may be changed if necessary.
  6. Enter or change the location of the item you are adjusting.
  7. Enter a quantity in either the Adjustment or New field. If you are entering the adjustment number for the item, use the adjustment field. If entering a new inventory total for the item, use the New field.   You may use a negative number in the adjustment field if you need to decrease the new total.
  8. The cost of the adjusted item will prefill in the unit cost field.   This may be changed if necessary.Enter the Cost of the item in the Value field.
  9. Click Save to Save the Adjustment or Post and Close to finish.

Note:  Click the overall quantities and valuation by item link to view inventory across all locations.



Multi-Item Inventory Adjustments

You can also create inventory adjustments for multiple items at the same location with the same date/account by using the multi-item inventory adjustment.    This form allows you to add multiple items in rows in either a single line (first screenshot)  or multi-line view (second screenshot), see below.





last updated 11/6/2020 - JML
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