Make Inventory Adjustments
Once you have finished taking inventory, you will be able to Lock and Generate Adjustments and see how much inventory you have left from the merchandise received from delivery. You may have Open Adjustments for multiple Open Inventories that need to have adjustments made.
*Please note: You must have received delivery and entered the merchandise in Open Receive. Please refer to Receiving Inventory
When an inventory is completed and locked, but adjustments have not been made, click the Open Adjustments bubble of the inventory then proceed to adjust inventory.
Here you will see the Adjust Inventory screen which will show any locked inventory that needs to have adjustments. To get started, click on the pencil.
In the Make Inventory Adjustments screen, you will have a detailed breakdown of your inventory which includes:
- Orange Box: POS Item name being adjusted
- Green Box: Unit Price of item being adjusted
- Blue Box: Net Cost of item being adjusted
- Aquamarine Box: The amount you have on hand
- Mint Green Box: Your Inventory Count
- Yellow Box: The adjustment of the item
- Dark Blue Box: The reason for the discrepancy in items
- Purple Box: Click Create to add more items
- Red Box: Click the pencil to edit the adjustment of the item.
Once you are ready to edit:
- Purple Box: you will be able to change the Item
- Blue Box: Change the number of Units
- Orange Box: Add in any notes that you wish to add about the item
Green Box: The five reasons for financial loss or non-financial loss:
- Financial Loss: Unknown
- Financial Loss: Theft
- Non-financial Loss: Initial Adjustment
- Non-financial Loss: Office Location (items were taken to another location or used in office)
- Non-financial Loss: Receive Counted Wrong (items were counted incorrectly at delivery)
If all items have the same reason for the adjustment, select Apply Reason to All Lines (Red Box) then apply changes.
Once every inventory item has been adjusted, click Approve and Lock Adjustments (Purple Box) to finalize the inventory.
