How do I record a stock adjustment in?
Description

It's important to ensure your stock levels are correct so you know how much you have to sell. You can use the Adjustment in option to increase the stock level stored for a product. Product adjustments only apply to product records with the type of stock item as they are the only records that have stock levels. Other types, non-stock and service, do not have stock levels.

Cause
Resolution
When you use the Adjustment in option the following updates are made:


  • The in stock quantity of the product increases by the quantity of the adjustment. This is recorded as an Adjustment In (AI).
  • The cost price on the product record updates with the cost price of the adjustment.
  • The product activity updates with details of the transaction.

Increase a product's stock level

  1. Click Products and services and select the product you want to adjust the stock level for.
  2. Click Adjustment in then complete the window as follows:

    Product Code*

    From the drop-down list, choose the product record you want to make an adjustment for.

    Details

    The name of the product code automatically appears, but you can change this if required.

    Date*

    Today's date appears automatically, but you can change it if required.

    Ref.

    Enter a reference to identify the adjustment.

    Project Ref

    Sage 50 Accounts Professional only 

    If you want to associate the adjustment with a project, enter the project's reference code.

    When you save the transaction it posts to the project's activity.

    Cost Code

    Sage 50 Accounts Professional only 

    If you enter a project reference, you also need to enter the cost code for the transaction.

    Quantity*

    Enter the quantity to be added to the In Stock balance for this product.

    Cost Price

    Enter the cost price for the stock you are making an adjustment for. Product levels are controlled on a first in, first out basis, so cost prices are important to the valuation of stock.

    The value you enter here affects your product valuation.

    Sale Price

    Sage 50 Accounts Professional only

    The sales price of the product. This can't be amended.

    On order

    Sage 50 Accounts Professional only

    If you have placed a purchase order on order for this product, the quantity ordered appears here.

    Free

    Sage 50 Accounts Professional only

    The current free stock level for this product.

    * This information is mandatory.

  3. Click Save then click Close.

[BCB:121:Limitless - 50 Accounts - Products and Services:ECB]





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