How to enter an Inventory Adjustment

Created on 21 November 2022 | Last modified on 26 September 2024

Use the Adjust Inventory task to modify the quantity or value of your inventory in Sage 50 Accounting.

Resolution

Select Inventory & Services.
Select Adjust Inventory.
Enter a Source (and Comment if necessary).
Select the Item.
Enter a negative Quantity to bring the stock and amount to zero.
Enter the serial numbers of the items removed from inventory (Sage Quantum Accounting).
Select Post.
Select Adjust Inventory.
Select the Item again.
Enter the correct Quantity along with the correct Amount.
Press Ctrl + J to view the journal entry.
NOTE: Using a positive value debits the inventory account. A negative value credits the inventory account.
Select Post.

TIP:

With Average Costing, you can enter a quantity without an amount or an amount without a quantity
With FIFO Costing, reducing the quantity prevents adjusting the Unit Cost or Amount (Sage 50 Premium Accounting)