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Jiwa Inventory - Stock Transfers Writing Off Stock

This article will take you through the process of writing off damaged or lost stock in Jiwa using the Stock Transfer form.

 

Writing Off Stock

This process can be used instead of initiating a stock-take to write stock off that has been lost or simply damaged.

From the main menu select Inventory > Stock Transfer

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Ensure you are working in the correct Warehouse before creating a new stock transfer, the warehouse cannot be changed when you have selected NEW

Select the New icon to create a new transfer (adjustment)

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In the Reference field enter in details of why you are doing the transfer

Confirm the warehouse the transfer is being processed against

Select a Reason code for the transfer.  The reason code will drive the GL posting account that the adjustment is posted to, so you may have a reason code such as Damaged Stock and/or Lost Stock

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In the From Part No. field select the inventory part number that you want to write-off

When you have selected your part the Search Stock on Hand screen will appear.

This screen provides you with a listing of remaining stock by date received and the cost the stock was received in at on that date.

As Jiwa works on a last in first out (LIFO) method of stock allocation it is recommended that you select the oldest receipt available.

However if you are writing off stock that is related to a specific receipt then select that receipt.

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In the Transfer Quantity field enter in the quantity that you are writing off

Leave the To Part No. field as External this is telling Jiwa that you want to write off the stock

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Continue to add other parts that need to be written off

Save your transaction

Activate to complete the stock adjustment and update your stock on hand

 

 

This video is best seen on the full screen. Just click on the icon at the bottom right of the video (see image below).

To exit full screen just press escape 

 

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