Skip to main content
P
PaulC555
March 27, 2023
Question

Stock Movements

  • March 27, 2023
  • 1 reply
  • 0 views

Good morning

 

My supplier has provided me with some stock FOC to offset some other charges that my business incurred. How do I adjust stock like this in at zero cost, do I just create a bill with no cost against the products?

The product will be sold out at full price and I want to reflect the 100% margin against these sales. 

I struggle to make any stock adjustments other than booking in against a bill....

 

thanks for your help

Paul

 

1 reply

A
Ashleigh1
March 27, 2023

Hello PaulC555, Thanks for posting on the Community page,  the bill against the stock item will not decrease its cost rather it will increase the qty item. To make the stock adjustment, you would have to either create a sales receipt against the item or you can adjust if from the setup of the item by clicking edit next to it then click the adjust qty time option. You can get this all confirmed by an accountant on the best way to record this in QuickBooks so you get the outcome you want as we are just technical support here and not trained accountants.

P
PaulC555Author
March 30, 2023

Ashleigh

 

If I click edit next to the product and adjust the stock why does it default to "stock shrinkage" ?

I am adding stock in not taking it away? is this correct. 

To be honest I am questioning my choice of Quickbooks as a system I just cant seem to get my head round even the most basic of tasks.....

Is it possible to get another onboarding session? Now that the system is up and running it would be more relevant to me now to have this than several months ago when the business wasn't operating. 

thanks

Paul

 

A
Ashleigh1
March 30, 2023

 Hello PaulC555, So yes this is correct and it is because that is the selected adjustment account, whether it goes up or down the expected behavior is that it would go down in value as you 'buy' stock to increase it normally but if you increase it via a stock adjustment it will increase. 

So you can have a look at this link and click on support and there is different things you can take a look at like webinars, blogs ect. You can also ring the support line on 0808 234 5337 and you can set up a screenshare with the agent on the phone who will be able to guide you through anything you need and you can also do this via our chat support as well. 

Terms & ConditionsAccessibility statement