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  • Processing shrinkage, stolen goods, or depleted lines

 

 

ANSWER ID:3112

Processing shrinkage, stolen goods, or depleted lines in AccountEdge involves making an inventory adjustment and adjusting the quantity of the item lost. 

  1. Go to the Inventory command centre and click Adjust Inventory.
  2. Ensure the Date of the adjustment is correct.
  3. Enter a Memo if required, for example Stolen goods or Depleted line.
  4. Enter the Item Number of the item to be adjusted.
  5. In the Quantity column, enter the amount you want to adjust the item by, for example if you lost five items, enter -5.
  6. Leave the Unit Cost as the default.
  7. Press Tab and the amount will be automatically generated.
  8. Use an expense account to allocate the adjustment to, for example Shrinkage/Theft expense account.
  9. Click Record.