You can use this wizard to create and run cost price adjustments for on-hand transactions and inventory transactions.

  1. Click the Inventory management> Periodic> Closing and Adjustment> Adjustment> Wizardbutton to start the wizard from the Closing and Adjustmentform.

    Note Note

    To use the wizard for on-hand inventory adjustments, select the type as Closingin the Closing and adjustmentform. If you use the standard adjustment functions On-handor Transactions, the adjustments will be posted into the profit and loss accounts as usual.

  2. In the Wizard for cost value adjustment of inventory transactions or entire on-hand inventoryform, select the method of cost value adjustment as On-handor Transactions.

  3. In the Select on-hand inventoryform, click Selectto specify the selection criteria foron-hand inventory and inventory dimensions transactions.

    Note Note

    In the form, Exclude Reverseis active by default. If you are making both positive and negative adjustments to the cost price, perform each adjustment as a separate step.

  4. Click Nextto select the adjustment calculation method as From ledger account.

  5. Click Nextto perform the adjustment.

  6. In the Ledger accountfield, select the account number for posting in ledger.

  7. In the Balance on the datefield, select the date.

  8. Select Balance accountoption or Balance from ledger account and dimensions option.

  9. In the Focusfield, select the available focuses dimension.

    Note Note

    Focusfield is activated only when selecting the Balance from ledger account and dimensionsoption.

  10. Click Nextto open the Balance from ledger account or dimensionspage.

  11. In the Allocation principlefield, select the method as Valueor Quantity.

  12. In the Specificationfield, select the specification to determine the level of detail that will be posted to the general ledger.

    • Total– Post the values for each ledger account as a total figure.

    • Item group– Post the values for each unique item group in the general ledger.

    • Item number– Post the value for each unique item in the general ledger.

  13. In the Notefield, enter any comments.

  14. Click Nextto open the Finish wizardpage.

  15. Select the Show ledger Voucher listcheck box to view the list of posted transactions.

  16. Click Finishto run the wizard.

  17. If necessary, click Cancelto cancel the adjustments made by the wizard.

See Also