Stock adjustments and opening stock

What this does

A stock adjustment changes the quantity of a product in one warehouse without a sale or purchase. Use it to enter the stock you already have when you start, or to correct the count after a stock-take.

Before you start

• Create the product and the warehouse.

Steps

1. Open Stock, then Stock Adjustment.
2. Click Create adjustment. The Adjust Stock window opens.

   

1. Under Product, search by name or SKU and pick the product.
2. Choose the Warehouse (2).
3. Choose the Movement type (3):
   • Opening Balance for the stock you already had.
   • Adjustment In to increase stock.
   • Adjustment Out to decrease stock.
4. Enter the Quantity (4). The Unit is filled in for you.
5. Check the Unit cost. It is filled in from the product and you can change it. The Adjustment value is worked out for you.
6. Add a note, for example Opening stock count.
7. Click Record Adjustment (5).

What happens next

The quantity changes straight away and the adjustment is listed with its date, type and who made it.

Important notes

• An Opening Balance is recorded as Inventory and Opening Balance Equity. It is not profit. See How opening stock is recorded.
• Adjustments are a record of what changed. To correct a mistake, record another adjustment.

Related guides

• Stock movements