To make a Miscellaneous Adjustment to the Quantity on Hand value for an Item, select the "Miscellaneous Adjustment" option. The following screen will appear:
Note
Use the Miscellaneous Adjustment utility to handle Inventory adjustments not covered by another transaction type—for example, Receipt from Purchasing, Receipt from Manufacturing, Scrap, etc. For a complete list of Inventory transaction Types, see Appendix A, Appendix A.
When creating a Miscellaneous Adjustment, you are presented with the following options:
- Transaction Date
Specify the date you want the transaction to be posted to the General Ledger. The current day's date will display by default.
- Item Number
Enter the Item Number of the Item you want to create a Miscellaneous Adjustment for.
- UOM
Inventory Unit of Measure.
- Site
Specify the Site where the Miscellaneous Adjustment should be recorded. If an Item is located in more than one Site, be sure to specify the correct Site for the Miscellaneous Adjustment.
- Adjustment Qty.
The number entered will adjust the Quantity on Hand for the specified Item. Field accepts positive and negative numbers. To enter a negative number, simply prefix the number with a minus symbol.
- Relative
Select to make a relative adjustment to the Item's Quantity on Hand. The "Before" value, which represents current Quantity on Hand, will increase or decrease relative to the number entered in the "Adjustment Qty." field. The new Quantity on Hand value will appear beneath the "After" heading. Non-netable Quantity on Hand is not included in these values.
- Absolute
Select to make an absolute adjustment to the Item's Quantity on Hand. The "Before" value, which represents current Quantity on Hand, will be changed to the new value entered in the "Adjustment Qty." field. This absolutely new Quantity on Hand value will appear beneath the "After" heading. Non-netable Quantity on Hand is not included in these values.
- Document #
Creates a user-defined reference for the Miscellaneous Adjustment. The Document reference will be posted with the General Ledger (G/L) transaction record when the Miscellaneous Adjustment is generated. This field may be used for internal tracking and auditing purposes.
- Adjust Value
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The Cost tab will be visible only if Average Costing is enabled on the Configure Inventory screen. The Cost tab will be enabled only if Average Costing is the Cost Method selected for the Item Site being adjusted. If Adjust Value is checked then the transaction will affect the value of perpetual inventory using the following Costs:
- Calculated
Use the average cost calculation to determine perpetual Inventory value and distribute costs for this transaction.
- Manual
Use the total cost entered to determine perpetual Inventory value and distribute costs for this transaction.
To enter Notes related to the Miscellaneous Adjustment, select the "Notes" tab. The following screen will appear:
When entering Notes related to a Miscellaneous Adjustment, you are presented with the following options:
- Notes
This is a scrolling text field with word-wrapping for entering Notes related to the adjustment.
To the far right of the screen, the following buttons are available:
- CANCEL
Closes the screen without posting an adjusted value, returning you to the application desktop.
- POST
Posts the adjusted value to the Quantity on Hand balance. Additional steps will be necessary if the specified Item is stored in multiple Locations.