Dear All,
In Our warehouse 2 items have been not using from since 2014 so we want to scrap those items .
at this time what entry we have to do in system.
please suggest me.
Thanks,
Regards
Ashok
*This post is locked for comments
Dear All,
In Our warehouse 2 items have been not using from since 2014 so we want to scrap those items .
at this time what entry we have to do in system.
please suggest me.
Thanks,
Regards
Ashok
*This post is locked for comments
Hi Ashok,
If you want to write off the stock completely for items, I would suggest that you create a Counting journal for those 2 specific items you want to scrap, and then just enter 0 values in the counted column for each line. The system will then do an automatic adjustment to write off that stock for you.
If you want to write the stock off against a specific GL account, then I would recommend a Movement journal.
Regards
Morne van der Bank
Its the same as any other inventory issue, e.g. for consumables, or marketing samples, or engineering spares, you just need to choose the scrap account as the offset rather a department/cost centre account.
Hi Ashok R,
Create inventory movement h journal and put the qty for item by negative , cost and choose specific account from offset account
Hi Nagendra Varma,
Thank you for reply.
in inventory adjustment journal we can not enter offset account .
we should book in one account na whether it is loss or ?
Thanks
Hi Ashok,
You can perform Inventory Adjustment journal to achieve above requirement.
Thanks
Nagendra Varma K
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
André Arnaud de Cal... 291,269 Super User 2024 Season 2
Martin Dráb 230,198 Most Valuable Professional
nmaenpaa 101,156