For move inventory to Cost of Goods Sold for the project and write-off Damage item purpose.

Note: Refer to General Posting Setup, the Inventory Adjustment account for move the Cost to Cost of Goods Sold Account or Inventory Adjustment Account.

Steps Description
1Go to Physical Inventory Journal
2

Select Prepare / Calculate Inventory 

3

Enter the criteria for calculate inventory and the document no for post the inventory adjustment journal

  • Enter Posting Date and Document No.
  • Select Location
  • Click OK to System Generate Inventory List

4

Input stocktaking result on Qty. (Phys. Inventory) then system will auto calculate discrepancy and generate related entry type (Positive or Negative Adjustment)

*Enter Bus Posting Group if specific account for the the adjustment (e.g. refer to General Posting Setup)