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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
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Hi Ashok,
You can perform Inventory Adjustment journal to achieve above requirement.
Thanks
Nagendra Varma K
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 ?
Hi Ashok R,
Create inventory movement h journal and put the qty for item by negative , cost and choose specific account from offset account
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.
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.
Morne van der Bank
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