Inventory

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Procedure for Adjusting Inventory

  1. Enter Transaction (Inventory \ Trx \ Transactions)

    1. Trx Type – I for issuing inventory to expense account, Q for fixing inventory discrepancies or making quantity adjustments.

    2. Doc Date – Enter date transaction occurred, normally today.

    3. Item No – Enter Item No being adjusted

    4. Location – Location where transaction occurred

    5. Trx Qty – Quantity being adjusted

    6. Cost – Cost of item, should normally default correctly, don’t change if using standard cost

    7. Comment – Short comment describing transaction

    8. Asset Acct – Never Ever Change!

    9. Account Number – G/L number to which to expense this transaction

    10. Distribution Qty – Quantity expensed to this G/L number