Inventory Parts Stock Adjustments
Stock Adjustments
It may be necessary to make stock adjustments from time to time in between physical inventories. This may be for the purpose of adjusting the on hand value and/or the on hand quantity of a part within a warehouse. The stock adjustments may be performed from a Warehouse Explorer or a Part Explorer.
On the Stock Adjustment form is a checkbox labeled Force New Value; by checking this box, and entering an amount in the New Value field, you are telling the system the exact dollar amount of the adjustment. If this box is not checked, the dollar amount of the adjustment is based on the current Average Cost or the Standard cost of the part within the warehouse. The Force New Value checkbox is used when the Value On Hand for a part has become greatly under or over inflated due an erroneous transaction. A transaction that may cause this problem could be a part was purchased at a special price for a particular project that is greatly different than the normal purchase price. This situation will only occur if your company is using the Average Costing method.
To perform a Stock Adjustment, follow the steps below.
Stock Adjustment from a Part Explorer Record
1. Open the Parts Explorer for the part to be adjusted.
2. From the Part Menu Tree highlight the Warehouse where the stock is being adjusted; right-click and select the Stock Adjustment option.
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