You can use the Stock Adjust Down function to remove the stock from the current stock on hand count, then use a general journal to move the $ total to expenses.
▪Add a stock adjustment.
▪Select QTY - and the correct stock code to reflect which product(s) was used.
▪Finish the stock adjustment.
This stock adjustment down (debit) will move the stock $COGS into the 5-XXXX Stock Adjustment account in your General Ledger.
It then needs to be journalled to the correct expense account/s.
You have the choice at this point to allocate to specific branch, sub-branch or GL departments.
▪Add a General Journal.
▪Select the 5-XXXX Stock Adjustment Account.
▪Type the $total in the Credit column (credit back the Stock Adjustment account) tax code X.
▪Select the 6-XXXX Expense Account.
▪Type the $total in the Debit column (debit the Expense account instead)* tax code X. |