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Reckon/Quickbooks – Adjusting inventory when receiving stock
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Published on Thursday, 27 August 2015 11:13
Client emailed - When we receive stock how do we add to existing inventory to update the on-hand count? – Do I click on item from inventory list, click edit, then change the on-hand amount? Or do I always have to do a purchase?
Answer - Never change the on-hand quantity in the item record! When you receive new stock, you enter via Purchasing > Receive Items.
If you need to adjust your existing on-hand quantities, use either Inventory > New Quantity Adjustment or Inventory > Start Physical Inventory.
You can print a physical stock worksheet from the second way.
If you haven’t been receiving your stock with purchasing up to now, it is likely you will now need to adjust your average cost. You can do that at Inventory > New Cost Adjustment.
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