You can use the Adjustment of on-hand inventoryform to adjust the cost value of the entire on-hand inventories. This process recalculates transactions and adjusts the transactions of the original inventory transactions. These are recorded as reversing transactions in the general ledger.

  1. Click Inventory management> Setup> Parametersto open the Inventory parametersform.

  2. On the Generaltab, select the Inventory adjustment – correctioncheck box to specify that the on-hand inventory adjustment transactions are recorded as corrections in the general ledger.

  3. Press CTRL+S or close the form.

  4. Click Inventory management> Periodic> Closing and adjustment> Adjustment> On-handto adjust the cost value of on–hand inventory items.

  5. Click Selectto select the on-hand inventories to adjust.

  6. Click Adjustmentto adjust all of the selected on-hand inventories according to the method you select.

    Note Note

    For more information, see "Adjustment of on-hand inventory (form)" in the Applications and Business Processes Help.

  7. Click Postto open the Adjustment of on-hand inventoryform. Enter the required details.

  8. Select the Update ledgercheck box to post the adjustment transactions in the general ledger.

    Note Note

    If you do not select this parameter, the cost price will be adjusted in inventory transactions but no adjustments will be made in the ledger.

  9. Click OKto post the journal and update the adjustment of the on-hand inventory as reversing transactions in the general ledger.

    Note Note

    The Inventory adjustment – correctioncheck box is automatically selected if you select the Inventory adjustment – correctioncheck box in the Inventory parametersform.

  10. Press CTRL+S or close the form.

See Also