Write-Off Merchandise Inventory

** This utility is under development and is not yet available. **

This utility is similar to Count Merchandise Inventory By Store, in that it updates product quantities by location for sales parts and posts an adjustment of the inventory value in the G/L through the Daily Close. This utility can be used to enter sales inventory write-offs to reduce stock quantity, and allows the operator to select an adjustment type code.
The type code setup in Inventory Adjustment Types, controls the G/L posting account to off-set the inventory account in the General Ledger.

A flag in the Company Inventory Parameters activates or suppresses the prompt to print the optional Inventory Adjustment Transactions report when the write-offs are completed.
If printed, the Inventory Adjustment Transactions report lists the adjustment posting details, including the G/L Inventory accounts, the G/L Adjustment accounts and the divisions for the postings. It lists the product numbers, dates, adjustment comments, and the amounts of the adjustments.
Whether or not this optional Inventory Adjustment Transactions report is printed, does not affect the G/L adjustment postings that occur in Daily Close 3 when the Rental Journal Transactions Report is printed and accepted.

For serialized sales parts that are NOT flagged to enter serial numbers at "Time of Sale", the corresponding serial numbers to be written-off can be selected from the location. These serial numbers are flagged as "Adjustments" in the serial number window of Sales Inventory, and the Sold Date displayed is the write-off date from this adjustment transaction.

Note: If this utility was run in error contact Texada Support for assistance to Reverse Inventory Adjustments.