Inventory moves whenever product is adjusted, counted manually, transferred to another location, or returned.

For inventory adjustments and manual counts, you must specify costs for any inventory items that are moved into your inventory. For location transfers, GL postings are not made since all locations in a company share the same Inventory Asset account. For inventory returns, you can specify the unit cost of the returned inventory.

What you'll find:

Receiving Inventory

Adjusting Inventory

Example: Inventory Write Downs

Counting Inventory Manually

Location Transfers (transferring inventory to another location)

Returning Inventory

Inventory Cost Reallocation

 

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