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.
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.
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.