Fastbase Accounting System - Online Manual
Entered Mon, 9 Jun 2003 10:54 by Peter Campbell
Updated Mon, 23 May 2005 16:31
Go to Processing -> Stock Costing -> Stock Writedowns
This program is used to automatically write-down stock costs for a selected group of parts on a given date.
This program cannot currently write-down serialised stock items, these will be suppressed automatically. Non-diminishing stock items are also ignored.
Select the products to write down stock for. The default is 'All products'. See Selecting Accounts for Reports & Processing.
Select the stock branch to writedown stock for. This is set to user's login branch by default.
Enter the date to writedown stock at. The date cannot go back prior to the current Inventory period.
Enter the percentage to writedown stock. Enter "10" to writedown the stock by 10%. The stock can also be written up using this program, to a maximum of 100%.
Stock can also be adjusted to a set value, if this is required leave the "percent" field blank and enter a value in the following field.
Enter the value to writedown stock to. This feature will write up/down all selected stock items to a specific dollar value.
When you click on the 'Start' button you will be prompted to confirm your action before processing begins.
The computer will generate a stock adjustment batch containing one adjustment transaction for each product type being written down. Each part being written down will consist of two line items, one taking the stock out (-ve) and one putting the stock back in at the new value (+ve).
You can also manually adjust the cost of any item in stock by entering a Stock Adjustment transaction. See the link below for more details.
See also: Changing Stock Costs.