User Guide

Entering Inventory Adjustments
104 Simply Accounting
Swc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
ACCPAC INTERNATIONAL, INC. Confidential
Quantity
(Qty)
.
If the stock is to be increased, enter a positive
quantity. If stock is to be reduced, enter a negative quantity.
Amount.
The unit cost multiplied by the quantity. You can
accept the amount calculated by the program, or enter a different
amount.
Account.
Enter the expense account that will record the
inventory adjustment, or accept the Adjustment account you
have linked to the item. To change the account, press Enter, then
select the account from the list. When you process the
adjustment, the program automatically updates the linked
inventory asset account and the expense account.
Allocate
Allocate.
If you entered an account that allows project
allocations, click the Allocate button to allocate the amount
of this adjustment to one or more projects. A Project
Allocation dialog box appears. You enter information in the
following two fields.
Project.
Double-click or press Enter to display a list of
projects, then select one.
Amount.
Since you chose to allocate by amount (in
Exercise 4), the Amount field is available. (You could also
have chosen to allocate by percentage.)
Enter the dollar amount to be allocated to the project. You
can allocate all or part of the remaining amount among
additional projects by selecting each project, then entering
the amount. The program displays the total amount to be
allocated and the remaining amount at the top of the dialog
box.
When you have completed your allocation, a check mark
appears in the Allocate column beside the transaction, in the
Adjustments window.
Exercise 29: Entering an Inventory Adjustment
1. Open the Adjustments window.
2. Move from field to field, entering the following information: