Stock Adjustment

This is the Entry made by the stores Department to adjust any discrepancy between the physical stock and book stock.

The inventory at the branches and the central warehouse is managed through the system. Due to various reasons, the stock as per the system and the physical stock may not tally. There may be differences. These are identified during the physical stock checking and through periodic stock audit. The causes for the differences are identified and system stock figure is updated to the available physical stock. This is done with the head office approval.

The stock adjustment can be of two types (Increase/ Decrease). Adjustment is not allowed for the items requiring serial number. This Stock Adjustment can be done in two ways, they are Qty wise adjustment and Value wise adjustment.