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Use this form to adjust the financially updated inventory value in the Posted valuefield. For example, to change the posted value you can either enter an amount in the Edit nowfield, or, to use different adjustment functions, click .

Navigating the form

The following tables provide descriptions for the controls in this form.

Fields

Field

Description

Displays the original financial date of the selected inventory transaction.

Displays the unique item number returned from the select criteria. This is a unique user-defined code that is assigned when items are created. We recommend avoiding special characters or spaces in the item number.

Item numbers can be system generated by linking the item number to a Number sequences (form).

Quantity of inventory on hand as of the inventory close date selected before opening the form. This value is non-editable.

Total inventory value of the financial updates for the item that was posted in the general ledger module. This value is based upon the inventory close date selected before opening the form. The value is negative if items that have only been physically received in inventory and have already been sold or invoice-updated. The field appears when you total the amount for all transactions with the status Purchased or Sold.

The field shows the amount that the field has been changed with. In other words, the cost amount representing the change of the posted value.

In the field, you can enter the value by which the item receipt is to be adjusted.

Buttons

Button

Description

Select which transactions you want to adjust. You can select a transaction only once. If you want another selection, you first need to delete the selected transactions.

Delete the current selection.

Automatically assign a value to the field based on various criteria. If you click , all selected item receipts are adjusted according to the method you select:

  • – The cost price is adjusted to the item cost price for the individual item. The item cost price is specified in the field in the form.

  • – Enter a fixed cost price that is not checked against the item cost price used for individual items.

  • – Enter the amount by which the item is to be adjusted. This is allocated to all transactions according to the selected allocation principle. If you select as the principle, the amount is allocated proportionally according to the value of the transactions. If you select as the principle, the amount is allocated proportionally according to the transactions' quantity.

  • – Specify the value to which you want to adjust. The value is allocated to all transactions according to the selected allocation principle. If you select as the principle, the amount is allocated proportionally according to the value of the transactions. If you select as the principle, the amount is allocated proportionally according to the transactions' quantity.

  • – You can adjust the cost price by any percentage. All transactions are adjusted to the cost price assigned to them plus the given percentage.

If you use different adjustment methods in the same selection, the value in the field will always be set according to the latest adjustment.

Click > to select which inventory dimensions to display in the transaction journal.

Opens a form where you can update the adjustments and change the cost value indicated in the field.

The posting date you choose must be later than the date financial on the transaction adjustment journal.

Your choice of Total, Item Group, or Item will determine the level of detail posted to the general ledger accounts.

If you select , the general ledger accounts related to the open transactions of the on-hand inventory will be updated.

allows you to enter a note pertaining to this particular on hand adjustment.

Print a journal when you have finished changing cost prices. This journal contains the information found in the form.

See Also