Creating An Inventory Adjustment

If you have the permissions to do so, you can adjust the condition, current value, ownership of a particular item in inventory:

  1. Click the Inventory Adjustment tab.
  2. Enter the name of the item you want to adjust the inventory for. If you do not know the exact name, you can click the lookup icon to search for it.
  3. Click Search.
  4. Select the checkbox of the inventory positionClosed One or more items in the inventory at a particular location of a warehouse. Warehouses may contain inventory at the same location that belongs to different inventory positions. that you want to adjust.
  5. Click Adjust Condition, Adjust Current Value or Adjust Ownership depending on the action that you want to carry out on the inventory position.
  6. Select a reason for making the adjustment.
    Note:

    The reasons listed depend on the reasons that your administrator has chosen on the Reason tab within the Codes tab.

  7. Do one of the following depending on the action that you are carrying out:
    • Select the condition of the item.
    • Enter the current value of the item.
    • Enter the new owner of the item of click the lookup icon and search for it.
  8. [Optional] Enter additional information about the adjustment in the Comments field.
  9. Click Save.
Warning:

We strongly recommend using the Miscellaneous Receipt and Miscellaneous Issue functions to adjust inventory position quantities. Manual adjustment of inventory position quantities is possible but will cause issues when receipts are reversed. Following a manual adjustment of an inventory position quantity, when a receipt is subsequently reversed, the original receipt quantity will reduce correctly for both single and multiple inventory positions created from the original receipt line. However, the associated perpetual and financial records will not reduce correctly.