Stock Value Adjustment

The stock Value Adjustment function is used to amend the current cost price of an item.

Inventory Module> Activity> Stock Value Adjustment

Click Add to create a new value adjustment

Date – The date will pre-populate to current date. Since stock entries are live, one cannot back date or forward date adjustments

Description – to enter brief description for stock value adjustment

Reference – to enter the reference for stock value adjustment

Division – to select the division from the drop down if applicable

Long Description – to enter detailed description for stock value adjustment

Religion – to select – to select religion from the drop down arrow if applicable

Save button – saves the details added

Click Add in the centre of the window to begin adding items

Item Code – select an item code you wish to adjust the price of.

Description - Will auto populate once code is selected

New Value – Enter the new or correct unit cost price

Reason – Enter reason for changing the price

Save And New button – to select another item you wish to change the price off

Save And Close button – Saves and closes the form

Select the stock Value you created and Click on Process

Once the adjustment has been successfully processed, you will note the unit cost price of the item has changed to the new price you entered.

This new cost price will now be used on all new documents created going forward.