Inventory Adjustments and Transfers

Inventory items can break, spoil, become obsolete, or be stolen. Or, you could receive additional stock, such as a free shipment. For this reason, you may need to change your inventory records to match actual quantities.

Use the Inventory Adjustments and Transfers window to record any changes to the quantity of inventory you keep in stock (in your warehouse or garage), that are not a result of a purchase or sale (such as write-offs).

You can also use this window to transfer inventory from one warehouse location to another. (Sage 50 Premium Accounting)

Note: If you are using FIFO inventory costing, and you are reducing the quantity of an item, you cannot adjust the Unit Cost or Amount. (Sage 50 Premium Accounting)

Serialized Inventory (Sage 50 Quantum Accounting)

Performing inventory adjustments and transfers for items that have serial numbers is much the same as any other transaction. The basic rules for adjustments and transfers are:

You can only adjust items out of inventory using serials numbers that have the status "Available."
You can only adjust items into inventory using serial numbers that are new or have been adjusted out of inventory.
In order to transfer items between locations, the items must have the status, "Available" in the location from which they are being transferred.

What do you want to do?

Adjust inventory levels for an item

Review the details of the transaction at any time during its preparation

Void an inventory adjustment

Transfer inventory items between locations (Sage 50 Premium Accounting)

Void an inventory transfer (Sage 50 Premium Accounting)

Revalue an item using FIFO (Sage 50 Premium Accounting)