About Adjust Inventory

Updated by Cheryl Wallace

Adjust Inventory is used to change quantities for bulk or consumable inventory. The quantity on hand can be increased (positive number) or decreased (negative number) by creating an adjustment for the quantity of change. When adding new Bulk or Consumable inventory outside of the Purchasing module, use this function to set the initial inventory level. Previous inventory adjustments can also be viewed but not edited or deleted.

For serialized inventory, this can be used to make corrections to the quantity on hand when other methods fail. Do not use this feature to scrap or reinstate inventory. See About Retired Items.

Fields on this tab include:

Adjustment No.

Displays the adjustment document number assigned when the adjustment is saved.

Stocking Point

The stocking location where the inventory was added or removed.

Item ID

The item ID of the adjusted inventory.

Quantity

The number by which the quantity on has is increased or decreased. By default, the quantity will be increased. To decrease the quantity, prefix the number with a - (minus) symbol.

Reason

The reason for adjusting the quantity on hand for this item.

Inventory Status

Select / Displays the status of the item for this adjustment. Applies only to serialized inventory.

Cost

Enter the actual cost for each item if available. Only visible for users with the Access Actual Cost flag.

Currency

This is the Currency assigned in the company Settings by default. In multicurrency environments, a different currency can be selected.

Bin

The bin, shelf, or storage area where the item is kept when it is on hand.

Part No

Displays the part number of selected item ID.

Description

Displays the description of selected item ID.  

QOH

Displays the quantity already on hand. Read-only.

Serialized

Indicates if the item being adjusted is serialized.

Kit

Indicates whether the part number is designated as a kit. 

Inventory Status

Displays the current Inventory Status for serialized items. This will not necessarily match the Inventory Status for the adjustment.

Created User

Displays the user who performing the adjustment.

Created Date

Displays the date of the adjustment.

Related Reports
Inventory Adjustments

See also:

​Copyright © 2020-2024 ToolHound Inc. All Rights Reserved.

How did we do?