Do you need to adjust inventory? Did something get damaged? Or do you need to transfer an item to another location? We've got some handy Quick TIPS and resources for you below on how to handle common scenarios.
You'll have the option to run the report by Asset or by Item. The data output will provide:
In this example, someone dropped a helmet, notice that the quantity column is reflecting this as a minus 1.
Note*: In FIFO you can't adjust unit costs but in Weighted Average you can.
The damaged inventory GL entry would look like below:
Handy Tip #3 on Transferring inventory from location to location:
*Note: If you're not seeing the Transfer Inventory icon on your Inventory & Services screen, then you maybe haven't set up the software to have multiple locations in Settings. Locations for inventory are only an option to be setup in Sage 50 editions: Premium and or Quantum.
When you click on the Transfer Inventory icon, you'll see a screen like the one below. Once here select the From location as well as the To location for the item's move. Then select which item and enter the quantity. Verify the final value (amount) of the transfer before clicking on the Post button.
See tip #3 for steps.
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For more resources visit: Sage Product Support Resources for help with products in North America