Approved inventory adjustment.  Inventory adjustments cannot be modified after approval, nor can they be unapproved via Transaction Override.  Inventory adjustments must be approved to update inventory.  Typically inventory update is completed automatically after approval.

Drop down containing a list of inventory adjustment document numbers.

Signifies if the Adjustment Been Posted to Inventory

General Ledger Account to Credit for this adjustment

Debit this General Ledger Account for this adjustment

The quantity by which inventory will be adjusted.  To decrease inventory enter a negative number.  To increase inventory enter a positive number.

Item to adjust

Inventory Location - ex Raw Material, WIP Or Finished Goods

Unit of Measure

Enter the unit cost (per unit of the item's stock unit of measure) you wish new inventory to be created at, or existing inventor in the selected location, rack/bin, etc. to be adjusted to.  If the new unit cost is left blank, the item's current standard cost will be written as the actual cost of the new inventory.  If zero is entered, the new inventory will be written at a unit cost of zero; the same principle applies to existing inventory

The quantity of the item that will be in inventory once the inventory adjustment is processed

Specific inventory placement location - may be used with bin

Storage bin number - may be used with rack

Current quantity of the item that exists in inventory within the selected locaton, rack, bin, owner, etc.

You may enter a comment to view, search by or can print on custom report. 

Inventory adjustment line number

Allows you to select a lot number that exists in the selected location in order to adjust the quantity and/or to adjust the unit cost.  When creating new lot tracked inventory you may enter the lot number to use, or leave blank to allow the system to generate the lot number automatically.

Allows you to select a serial number that exists in the selected location in order to adjust out of inventory or to adjust the unit cost.  When creating new serial tracked inventory you may enter the lot number to use, or leave blank to allow the system to generate the serial number automatically.  Each serial number requires its own line on the inventory adjustment.

Standard cost of the item

The lot or serial no supplied by the vendor