Write off Stock

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To write off stock, use Stock Adjustment Qty- to remove the goods from stock. This reduces the quantity on hand, the value of the quantity on hand, and expenses it to the 5-XXXX Stock Adjustments account.

 

Writing off stock in bulk is achieved via a stocktake session and the resulting stock adjustment.

 

Once you have identified all the stock to be written off, you can add the stock to a stock non report group which then allows you create a stocktake session for just that stock group.

 

Add Count in the stocktake session, and make it all 0 Qty>, then Confirm Count. Jim2 will create the stock adjustment for you on a status of Booked. Finish that stock adjustment to write it off the stock.

 

How to

Add a Document to Stock

Add Groups to Stock

Add Images to Stock

Add Multiple Stock Records

Add Service Stock

Add Vendor Codes

Apply a Credit Card Charge Using Stock

Backfill Stock Sold in Advance

Bulk Update Stock

Buy and Sell in Different Measures

Buying your own stock

Change a Serial Number on a Stock Record

Change Stock GL Group

Create Similar

Generate a Backdated Detailed Stock on Hand Report

Make Stock Inactive

Handle Warranty Stock

Import Vendor Pricing

 

 

Merge Stock Codes

Move Stock from Depleting to Asset

Print Shelf Talkers

Print Stock Reports

Rental Stock

Sell Stock in Advance

Set up Pricing

Stock

Stock Adjustments

Stop Users from Giving Discounts

Synchronise Stock

Track Serial Numbers

Unallocate Stock

Update Stock Prices

Use Stock Select

Use Your Own Inventory

View or Edit Stock

Write off Stock