FrontAccounting forum — Inventory adjustments

Re: Inventory adjustments

null@example.com (Sijukallada) — Fri, 09 Jun 2023 11:10:20 +0000

You can control in Following Way- Make a Direct GRN for the Retrieving items, and accept to the stock and then it will show in stock , after that you can make DO for Out or Transfer Using BOM

Re: Inventory adjustments

null@example.com (dz) — Thu, 12 May 2022 17:02:22 +0000

1. Why use JE? Why not make a stock inward either by inventory adjustment or a supplier bill of all the items
2 Than post a sales invoice, either a consolidated one totaling all the item sold in a day, or posting multiple invoices(depending on the volume of transactions)
3. JE will not make a stock outward of the inventory as you suggested in your question

Inventory adjustments

null@example.com (baxterdmutt) — Thu, 12 May 2022 01:28:52 +0000

Hi, I am new to Frontaccounting and accounting in general. I’m trying to figure out what the best procedure would be in my situation.
-We are a charity
-sometimes we move a batch of product to a fundraising event
-the product (t-shirts) are sold by donation but at no less than our cost. We often make more at other parts of the event.
How would I manage this in the software.
My thought was to:
-Calculate the cost of each the items (totalling all of one kind)
-adjust the quantity on hand
-do a JE to attribute the the sale price against the inventory.
Maybe this isn’t that clear. If someone else has experience in this situation, please suggest an idea.
Thanks.