How to Perform Manual Stock Adjustments

Introduction

The system will automatically updates stock levels as you make sales or purchases for your inventory products. However, there are situations where manual stock adjustments are necessary.

For instance, businesses might need to adjust stock levels due to damaged or expired items, customer returns, theft or loss, promotional giveaways, or discrepancies found during inventory counts.

To adjust stock levels manually, follow these simple steps:

1. Navigate to Stock > Adjustments > +New.

2. Key in the following details:

Date	Select a transaction date.
Reference No.	If any, it is optional.
Adjustment Account	Choose an adjustment account that aligns with your business's accounting practices to record the adjustment properly.
Product	From the inventory item list, select the product you want to adjust.
Description	Enter a description of the transaction to provide context for the adjustment, it is optional.
Location	If applicable, specify the location where the stock adjustment is taking place.
Adjustment	Input the adjustment value. For reductions, enter a negative number to decrease the stock level. For increases, input a positive number to add to the stock.
Unit Cost	Input the unit cost. If you are increasing the stock, enter the unit cost of the product. For reductions, the system automatically calculates the cost of sales.
Amount	The last column will show the amount based on your entries. This is typically calculated by multiplying the quantity by the unit cost.

3. Example of a Stock Adjustment Transaction:

Recording Your Opening Stock Balance

Creating new Products & Services.

How Bukku calculates its cost of goods sold for inventory?

Periodic vs Perpetual Method

Inventory Tracking in Bukku