Adjusting inventory records

A number of factors can cause your inventory records to be inaccurate, such as spoilage of grain or death/births in livestock. You should periodically adjust your inventory records to ensure that your inventory quantities are correct.

To adjust your inventory:

1. Select Inventory Adjustment from the Inventory menu.
2. Select the inventory account you want to adjust. The Inventory Adjustment dialogue box will appear. Note: You can change the account by clicking the  icon.
3. Click the Adjust Quantity tab.
4. Enter the following:

a) Date – enter the date

 b) Reference – enter a reference number or word, for example, adjust

c) Description - enter a description of the transaction, for example, one bull died

d) Transaction type – select an option from the drop-down menu

e) Grade – select a grade from the drop-down menu or select <None>

f) Quantity – enter the change in inventory, for example, -1 Note: If you're decreasing your inventory, you must include a minus sign.

The system will use the new quantity to adjust the total value of the inventory. The detailed information for AgriStability is recorded when you select the correct transaction type and grade for the transaction.

Click Recap to view the balanced debit and credit entries. Click Record to record the document. 

Last updated on September 2, 2016 by FCC AgExpert