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 Overview

Use the following procedure to adjust quantities and costs in Inventory Management.

 Before You Begin

If the original sales entry was entered using the Sales Order module, you must enter the return as a credit memo using the Sales Order module. This enables inventory quantities to be adjusted at the same time.

 

To adjust quantity-on hand and unit-cost information

1. Select Inventory Management Main menu > Transaction Entry.

2. In the Transaction Type field, select Adjustments. For more information, see Transaction Entry - Fields.

3. Click the Next Entry No. button.

4. Click the Lines tab.

5. In the Item Code field, enter the item code.

6. In the Quantity field, enter the number of items returned as a negative quantity.

7. In the Unit Cost field, enter a positive unit cost.

8. Click Accept. The extended unit cost is calculated as a negative number. For LIFO or FIFO items, the quantity returned is added to the first cost tier.

The quantities and costs are adjusted in Inventory Management.