How do I adjust or reverse a vendor receipt?
Article Contents:
This article provides step-by-step instructions on adjusting or reversing a vendor receipt. Due to the management system's design that operates on a transaction-by-transaction basis, an adjustment to a vendor receipt necessitates a preliminary reversal. This ensures there's a record of items being added and subsequently removed from the inventory.
Step-By-Step:
Step 1: Navigate to the Settings module (1) and proceed to the Inventory Center (2) on the left-hand navigation menu.
Step 2: In the example provided below, we've accessed a vendor receipt that was entered in error, indicating that we received Pro V1 sleeves for $1.
Step 3: To reverse the vendor invoice, initiate a new vendor receipt by clicking "Receive Inventory" (1). Following this, search for and include the items that need an adjustment or void (2).
Step 4: Enter the received quantity (1) and the unit cost (2) that you intend to reverse. For instance, I am rectifying an entry of 50 Pro V1 sleeves that were registered at a unit cost of $1.00. After verifying your input details, click "Submit" (3) to finalize the change.
Step 5: This action will produce a new vendor receipt, which you can view by clicking "View" (1) next to the newly created entry.
Relevant Articles:
Related Articles
Inventory Center-Receive Inventory
Article Contents: This article contains step-by-step instructions on how to receive inventory and how to create a vendor. Video: Inventory Center - Receiving and Transferring Step By Step: Step 1: Click the Gear wheel icon from the top right corner ...Inventory Center - Audit Inventory
Article Contents: This article contains step-by-step instructions on how to maintain accurate inventory levels and how to evaluate item costs according to stock. Video: Step-by-Step: Step 1: Click the Gear Wheel icon from the window's top right ...Settings – Inventory Management – Add Item to Inventory
Article Contents: This article summarizes how to create a new item using the Inventory Center found within Settings. Step-By-Step Step 1: Click on the Gear Wheel Icon on the top right corner of the screen. Step 2: Click on the Inventory Center button ...Inventory Center - Create and Update combo Inventory.
Article Contents: This article gives step-by-step instructions on creating and updating combo inventory in your system. Step-By-Step: Step 1: Click on "Settings" then "Inventory Center". Step 2: To add a new item to your inventory, you need to click ...Settings – Inventory Management – Searching Item
Article Contents: This article gives step-by-step instructions on how to search for items within Inventory Management. Step-By-Step: Step 1: Click on the Gear Wheel icon on the top right corner of the screen. Step 2: Click on the Inventory Management ...