Reconciling balances

You can adjust current balances based on a physical count. This transaction is for the selected item in a selected storeroom only. By default, the storeroom that is identified in the Inventory tab.

About this task

The system includes issues, returns, transfers, and receipts after the physical count to calculate the new balance.

Procedure

  1. From the List tab of the Inventory application, display the item you want.
  2. Click the Inventory tab.
  3. Select the Reconcile Balances action.
  4. Click Select Value to choose the control account and the shrinkage general ledger account.
  5. Click OK. A reconcile adjustment transaction for the adjustment is generated. The Quantity field in the transaction record reflects the change to the current balance after the adjustment is made.