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.
Further information Backfill Stock Sold in Advance Buy and Sell in Different Measures Change a Serial Number on a Stock Record Export a Stock Report to Spreadsheet Generate Backdated Stock on Hand Report Move Stock from Depleting to Asset Report Showing all Vendors on Stock Stop Users From Giving Discounts Update Existing Vendor Pricing |