Inventory Adjustment

This Topic provides the information about creation, approval and execution of inventory adjustment record created for available stocks of product or component.

Effective inventory management gives business owners access to the latest stock-related information, which is useful for financial, auditing, and reporting purposes. To ensure that the current stock system provides accurate metrics, inventory adjustments must be regularly performed.

Inventory adjustment is the process of updating inventory level entries on accounting records to report the difference between what was originally inputted to actual, physical stock.

Note: Only with authorized access to user, Creation and use of Inventory adjustment is available.