Reviewing Negative Inventory
Published on
October 27, 2023 at 2:34:17 AM PDT October 27, 2023 at 2:34:17 AM PDTth, October 27, 2023 at 2:34:17 AM PDT
You can identify any negative inventory values that can be corrected by adjusting them to be positive. This process does not create a physical count. A physical count should already be completed before you begin this task.
Note:
Because an item's inventory level should be zero or positive prior to distribution, you should run this report before distributing inventory.
To review negative inventory:
Go toTransactions > Inventory > Review Negative Inventory.
On the Review Negative Inventory page, in theAs of Datefield, enter the date you want to review inventory through. For example, if you enter June 1, 2010, then the list will show inventory that has a negative count as of June 1st of 2010.
The list of inventory items that shows identifies any items that have negative inventory.
If you use the Multi-Location Inventory feature, you can filter the list by location in theLocationfield.
Use the list to adjust the amounts for those items so they are no longer negative. For each negative-quantity item on the list, you can enter an inventory adjustment to correct them.
Reviewing negative inventory items is a required task for the period closing checklist. For more details, read Inventory Task on the Period Close checklist.