Inventory                                         Parts                                                   Stock Adjustments

Stock Adjustments (continued)

Stock Adjustment from a Part Explorer Record (continued)

3.  The Stock Adjustment form will be displayed.  Enter the information into the data entry fields; all fields are required except for the Memo field.  Once all information has been entered, click the Save button at the lower right of the form.

Adjustment Date - Enter the date on which the stock adjustment will be recorded to the General Ledger; this date must be in an open accounting period.

New Quantity - Enter the new total on-hand quantity in the Warehouse.  If any parts within the warehouse are out for repair, remember to include these quantities in the new on-hand quantity entered.

Value - If your company is using Standard Costing, this field may not be modified; the standard cost for the warehouse will be used to record the transaction amount.  If your company is using Average Costing, enter the total new value for the new on-hand quantity.

Account Code - Select the G/L Account to be used as the offset for the transaction.  If the new quantity is decreasing the on-hand quantity, the application will credit the inventory account for the warehouse and debit the G/L account selected in this field.  If the new on hand quantity is increasing, the application will credit the G/L account selected and debit the inventory account for the warehouse.

Category Code - Select the appropriate Category from the drop-down list.

Memo - You may enter an optional memo to describe why the stock adjustment is being performed.

When finished and clicking on the Save button, a confirmation message will be displayed; click Yes to proceed with the Stock Adjustment.

FRM 7010-1                                                                                            FRM 7010-2

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