You can use this wizard to create and run cost price adjustments for on-hand 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 method as Item Cost Price, Fixed Cost Price, Total Amount, Cost Price [Value], or Percent.

  5. Click Nextto perform the adjustment.

  6. In the Valuefield, enter the value.

  7. In the Allocation principlefield, select the method.

  8. In the Amountfield, enter the amount to be adjusted.

    Note Note

    During the manual adjustment, the adjustment amount remains negative or positive and is posted in all transaction lines.

  9. Select the Stornocheck box to enter the ledger posting as a reverse note.

    Note Note

    This field is available only if the allocation amount is negative. If the amount is negative and the reverse parameter is not activated, the adjustment is reversed.

  10. Select the Corr. Profit/Loss Accountcheck box to include the accounts that are specified in the item posting settings ( Profit/Loss) and are used as correspondent accounts during inventory closing and adjustment.

    Note Note

    You can clear the check box to include the offset account manually.

  11. In the Corr. Accountfield, select the offset account to perform the adjustment transactions.

  12. Select the Dimensions of Corr. accountcheckbox to select the dimensions.

  13. In the Departmentfield, select the department.

  14. In the Cost centerfield, select the cost center.

  15. In the Purposefield, select the purpose code.

  16. 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.

  17. In the Notefield, enter any comments.

  18. Click Nextto open the Finish wizardpage.

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

  20. Click Finishto run the wizard.

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

See Also