How to scrap obsolete inventory

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Posted on by troverman

We are pretty new to BC and have some old inventory we cannot sell as it is obsolete. I could do a negative Item Journal which would remove the quantity and cost of the item, but normally we would direct items we are scrapping into a specific GL account.

How do I scrap out an obsolete item in BC365?

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troverman 35 on at

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RE: How to scrap obsolete inventory

Thanks. This seems to do exactly what I wanted it to.

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JAngle 113 on at

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RE: How to scrap obsolete inventory

The negative adjustment will be posted to the "Inventory Adjumt. Account" which is stated in the general posting setup page based on the posting groups - it's an internal movement so blank for business and then whatever your product is.

In the case of an item journal you can override the "Gen. Product Posting Group" value - which is the default from the item card - so that the posting goes where you actually want it to. So for example you have have a specific "Gen. Product Posting Group" setup called SCRAP and it goes to a different inventory adjustment account compared to the other lines of your general posting setup.

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