Inventory Cost Adjustment

Product valuation fixes the price of a product based on what potential customers are willing to pay. Companies want to set the price high enough to cover their costs, but just below the maximum value the product has for the members of a target market. Valuation is a critical process for small businesses, whose comparatively low sales volumes reduce their ability to absorb pricing mistakes. Strategies to determine the valuation look at various cost and market characteristics to help fix an appropriate price.

  1. How to Create Inventory Cost Adjustment?
  2. How to Edit Inventory Cost Adjustment?
  3. How to Delete Inventory Cost Adjustment?

How to Create Inventory Cost Adjustment?

  1. In the Entry menu, select Stock Journal.
  2. Then Click Add New(+ Button).
  3. Select Date.
  4. Select Cost for.
  5. Select SL No.
  6. In Cost Detail​​​​​​​ Type Ledger​​​​​​​ Name & Dr. Amount or Cr. Amount.
  7. In Item Detail​​​​​​​ Type Item Name & Percent (%).
  8. Type Note.
  9. Then click Save.

How to Edit Inventory Cost Adjustment?

  1. In the Entry menu, select Inventory Cost Adjustment.
  2. Then Click Add New(+ Button).
  3. Change Date.
  4. Update Cost for.
  5. Update SL No.
  6. In Cost Detail Update Ledger​​​​​​​ Name & Dr. Amount or Cr. Amount.
  7. In Item Detail​​​​​​​ Update Item Name & Percent (%).
  8. Update Note.
  9. Then click Save.

How to Delete Inventory Cost Adjustment?

1. Click Delete button on the Inventory Cost Adjustment which you want to Delete.

2. Click Delete.