Overview
Stock quantity adjustments are on the inventory branch of the navigation panel
- In order to test sales you need to have stock on hand. The only easy ways to get stock on hand for a product is to do a purchase receipt or a stock adjustment. Stock adjustments are the most convenient for training purposes.
- Stock adjustments can have many lines. So you can adjust as many products as you want on a single adjustment transaction.
- If the product requires serial numbers when purchased you have to create serial numbers to adjust the stock.
- Stock adjustments have a defined list of allowable reasons for adjusting the stock. Such as breakage etc. Each reason for adjustment posts the value of the adjustment to different general ledger accounts.
Getting Started
Reference
| Image | Name | Description |
|---|
 | Default Reason | Update Stock Quantity adjustment reason for all stock quantity adjustment lines.
|
Reverse
 | The reverse action button has now been updated to allow the creation of a reversal stock quantity adjustment using the same cost that was on the original stock quantity adjustment. |
Fields
| Name | Description |
|---|
| Type | This is the transaction type for this stock quantity adjustment (i.e: STKQTY (Stock Quantity Adjustment) |
| Number | The transaction number of the stock quantity adjustment |
| Status | Status is the updated feature on any entry/transaction made within readysell. |
| Date | The date and time (local to the workstation) when the action took place. |
| Site | Site for that Customer |
| Value | The total value of the stock quantity adjustment |
Lines tab
| Name | Description |
|---|
| Product | The product ID and product. |
| Adjustment Quantity | A product can be stock adjusted by entering the adjustment quantity either as a positive or negative value which will either increase or decrease the quantity on hand of the product entered. |
| Location | The location from which the adjustment is being made. If the stock qty for the product you are adjusting it for is split up into different locations, this line of adjustment qty must be according to that particular location on this line. |
| Stock Quantity Adjustment Type | These are system governed. Please select the reason for adjustment according to the drop down list in this field. |
| Account Site | This is the GL code linked to the stock quantity adjustment type which will automatically populate when you select the adjustment type. You do not need to select or change this. |
| Description | This is a manual description as to why you are adjusting this stock line. Any description can be put into this field which will help management know why you are processing this adjustment. |
Line Details
| Name | Description |
|---|
| Generate Labels button | Generate labels for the highlighted product lines on the stock quantity adjustment |
| Old Quantity On Hand | The old quantity on hand for this line |
| New Quantity On Hand | This is the new quantity on hand for this line |
| Unit Cost Ex Tax | This field shows the unit cost excluding tax for this line |
| Value | This field shows the value for this line |
Dissections
| Name | Description |
|---|
| Account Site | The GL code that the stock quantity adjustment/s are linked to |
| Narrative | The narrative for the dissection |
| Debit Value | This is the debit value of the dissection |
| Credit Value | This field shows the credit value for this dissection |
| Description | This field contains a description of the dissection |
Movements
| Name | Description |
|---|
| Location | The location for the movement for the product highlighted in the stock adjustment above |
| Quantity | The quantity of products on the stock movement archive for the product highlighted in the stock adjustment above |
| Original Each Cost Ex Tax | The original cost of each item movement, excluding tax, for the product highlighted in the stock adjustment above |
| Each Cost Ex Tax | The cost of each item, excluding tax, for the product highlighted in the stock adjustment above |
Value Ex Tax | The total value of the product movement, excluding tax, for the product highlighted in the stock adjustment above. The value is calculated as the cost of each item multiplied by the quantity of items |
Serial Numbers
| Name | Description |
|---|
| Insert | This is a button for inserting a serial number for this adjustment. You may need to insert the serial numbers for the stock you are writing off or you may have stock you are writing on that needs to have serial numbers added at the same time for it. |
| Number | This is the serial number entered/selected for this stock quantity adjustment |
General Tab
| Name | Description |
|---|
| Period | The period in which the stock quantity adjustment occurred in |
| Receipt | The purchase receipt that may be linked to this adjustment |
| Shipment | The sales shipment that may be linked to this adjustment |