Adjusting Your Inventory

You must adjust your inventory in order to record the initial quantity and to modify or delete the quantity of products that you have in stock and on hand.

  1. Click the Products icon, select Inventory, and then select Adjustment.

    OR

    Click Tasks on the main window toolbar, select Inventory, and then select Adjustment.

    The Inventory Adjustment window opens.

  2. Select a location from the Location drop-down menu.
  3. Select an adjustment type from the Adjustment Type drop-down menu, if applicable.

    The Adjustment adjustment type allows you to enter a positive or negative adjustment amount.

    The Receive Inventory adjustment type allows you to increase your inventory.

    The Return to Vendor adjustment type allows you to decrease your inventory.

  4. Type comments in the Comment text box, if applicable.
  5. Select a product to adjust using one of the following methods:
    • Type a product name or code into a Product Name/Code text box.
    • Click on the Product Name/Code column heading to search for a product. For more information on searching for products, see Finding Products and Services.
  6. Type the adjusted quantity in the Adjustment text box.

    Type a minus (-) sign in front of the adjustment quantity to record a negative adjustment.

    To remove a product from the inventory worksheet, type 0 in the Adjustment text box, ensure that 0 is recorded in the Qty on Hand, Qty On Order, Stock Level, Min Reorder Point, and Min Reorder Qty text boxes in the Product Detail Maintenance window, and select the Inactive check box in the Products window. For more information on the Product Detail Maintenance window, see Recording Product Inventory Details. For more information on the Products window, see Recording Product Information.

    The On Hand column may show a negative number if a product is sold on a fee slip when there are no units of that product on hand.

  7. Type a new product cost in the Cost text box, if applicable, and select the Update Item Cost check box.
  8. Select a reason for the adjustment from the Reason drop-down menu.
  9. Click Record.

    The Qty on Hand text box in the Product Detail Maintenance window is updated.

  10. Optionally, click Print to print a record of the adjustment.

In addition to the procedure above, watch this video for more information.