Write off inventory
Updated
by
Cheryl Wallace
There are multiple ways to write off, scrap, or otherwise retire tools and equipment, or even consumable parts and materials, depending on the current status of the item(s).
- If the inventory is issued, return the inventory with the Write Off return status. Other retired return statuses can also be used. Serialized inventory will be retired and bulk parts will not have the quantity increased by the quantity written off.
- If the inventory is in stock,
- serialized inventory
- can be manually retired
- can be sold on a transaction
- bulk inventory on hand quantity can be reduced with an inventory adjustment.
- serialized inventory
- If the inventory is in transit, record the inventory as lost or written off for the transfer.
- If all inventory for an entire project stocking location will be written off, the project can be explicitly closed.
See also:
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