Making inventory adjustments

Step 2: Enter the details of the inventory adjustment

Step 1 > 2 > 3

If you haven’t already read the Inventory Adjustments Overview, see Making inventory adjustments for more information.

  1. Enter the item’s number in the Item Number column of the first line item in the scrolling list. The name of the item will be displayed automatically in the Name column, and the average cost per unit is displayed in the Unit Cost column.

  2. In the Quantity column, enter the quantity by which you want your inventory to be adjusted.

  3. An amount appears automatically in the Amount column. Since you’re making a typical inventory adjustment, in which you want the item’s unit cost to remain unchanged, leave the default entries in the Unit Cost and Amount columns as they are.

Warning: Typical inventory adjustments affect total inventory values

Keep in mind that when you make a typical inventory adjustment like this one, you will affect the item’s total inventory value. The total inventory value is calculated by multiplying the total quantity of the item by the item’s average unit cost; therefore, when you adjust the quantity, you also adjust the total inventory value of the item.
  1. The entry you’ll make in the Account field depends upon the type of adjustment you’re making. See Entering information in the Inventory Adjustment window for more information.

  2. If you want to assign the inventory adjustment to a particular job, enter the job’s number in the Job column.

  3. If you need to make adjustments for several items, create separate line items for each adjustment.

Making inventory adjustments - Step 2