Use the Inventory Reductions Post screen to decrease inventory at cost for the selected Inventory Item that has been reduced or damaged. For Example: Spoilage of fresh foods and item breakage will require inventory reductions.
See Also: Topic Doc - Inventory Posting
From the bottom of the screen….
Click the Process button to reduce the quantity on hand for the selected Inventory Item and return to the Inventory Posting screen.
Click the Cancel button to Cancel without making any changes and return to the Inventory Posting screen.
InventoryPostingReduction_Tab1
Inventory Code (InventoryPostingReduction_InventoryCode)
You will not visit this field.
Displays the Inventory Code of the selected item.
DeleteDescription (InventoryPostingReduction_ShortDescription)
You will not visit this field.
Displays the Short Description of the selected item.
DeleteWarehouse (InventoryPostingReduction_FacilityLocation)
You will not visit this field.
Displays the Warehouse associated with the selected item. See Pos Inventory Item Update for more information.
DeleteInventory Item BIN (InventoryPostingReduction_BinLocation)
You will not visit this field.
This field provides the description or abbreviation of where you store this item (i.e. the aisle and bin in which you keep it) when it received into inventory.
DeleteOld Sell Qty On Hand (InventoryPostingReduction_OldSellQtyOnHand)
You will not visit this field.
Displays the current count of this Inventory Item on hand based on the Sell Unit Of Measure (UOM).
DeleteSell UOM (InventoryPostingReduction_SellUnitOfMeasure)
You will not visit this field.
Displays the Unit Of Measure (UOM) in which you are selling/using the Inventory Item. For Example: For reductions you might spoil individual bananas apples or dairy items. Refer to the Sell UOM when entering the Sell Qty Reduced for the selected Inventory Item.
DeleteSell Qty Reduced (InventoryPostingReduction_SellQtyReduced)
Enter the amount reduced based on the Sell Unit of Measure (UOM). For Example: The reduction might refer to individual apples or bananas.
Note: The system adds together the Purchase Qty Reduced and Sell Qty Reduced fields when you exit this screen. Therefore you enter only one of those fields when Posting Reductions.
DeleteReduction Date (InventoryPostingReduction_PostingDate)
Accept the default entry (Default Date set on the Inventory Posting screen) or click the Calendar icon to select an alternate date, if desired. The date entered in this field is your date on which Inventory will be posted.
DeleteOld Purchase Qty On Hand (InventoryPostingReduction_OldPurchaseQtyOnHand)
You will not visit this field.
Displays the current count of this Inventory Item on hand based on the Purchase Unit Of Measure (UOM).
DeletePurchase UOM (InventoryPostingReduction_PurchaseUnitOfMeasurement)
You will not visit this field.
Displays the Unit Of Measure (UOM) in which you purchase the Inventory Item. For Example: You might purchase a Case of soda a Case of candy or a Box of chips. Refer to the Purchase UOM when entering the Purchase Qty Reduced for the selected Inventory Item.
DeletePurchase Qty Reduced (InventoryPostingReduction_PurchaseQtyReduced)
Enter the amount reduced based on the Purchase Unit of Measure (UOM). For Example: The reduction might refer to a box of apples or a case of bananas.
Note: The system adds together the Purchase Qty Reduced and Sell Qty Reduced fields when you exit this screen. Therefore you enter only one of those fields when Posting Reductions.
DeleteCreate GL entries? (InventoryPostingReduction_CreateGL)
Select this option when required to update accounting's General Ledger with this inventory loss. Depending on your set up, the GL code might specify who (department or unit) is charged, otherwise specifying a Cost Center will.
GL Codes are maintained through GL Code Management
DeleteReduction GL Code (InventoryPostingReduction_ReductionGLCode)
This field is applicable for use with the "Create GL Entries" option.
Click the Picklist to select the GL Code used for billing the inventory reduction "at cost".
GL Codes are maintained through GL Code Management
DeleteReduction Cost Center (InventoryPostingReduction_ReductionCostCenter)
This field is applicable for use with the "Create GL Entries" option.
Optional click the Picklist to select the Reduction Cost Center which is the department or unit that will be billed for the loss "at cost." Cost Centers are used if the selected GL Code does not specify who (department or unit) is charged for the inventory loss.
Cost Center Codes are maintained through Cost Center Management.
DeleteReduction Offset GL Code (InventoryPostingReduction_OffsetGLCode)
This field is applicable for use with the "Create GL Entries" option.
Click the Picklist to select the GL Code used for billing the offset or "difference between cost and retail value" of this inventory reduction.
GL Codes are maintained through GL Code Management
DeleteReduction Offset Cost Center (InventoryPostingReduction_OffsetCostCenter)
This field is applicable for use with the "Create GL Entries" option.
Optional click the Picklist to select the Cost Center which is the department or unit that will be billed for the offset or "the difference between your cost and retail value " of this inventory loss. Cost Centers are used if the selected GL Code does not specify who (department or unit) is charged for the inventory loss.
Cost Center Codes are maintained through Cost Center Management.
DeleteUse (InventoryPostingReduction_CostOption)
This field is applicable for use with the "Create GL Entries" option.
Expand the Drop-down list to select the value to Use such as the Average Cost or Last Cost when calculating offsets.
DeletePay Code (InventoryPostingReduction_PayCode)
This field is applicable for use with the "Create GL Entries" option.
Click the Picklist icon to select the Payment Code associated with this reduction you are posting.
Payment Codes are maintained in Payment Code Management.
DeleteUser Name (InventoryPostingReduction_UserName)
This field is applicable for use with the "Create GL Entries" option.
Accept the default entry (your User Name) or click the Pick List icon to select an alternate user if desired. This is the User Name associated with this reduction transaction.
DeleteCash Drawer (InventoryPostingReduction_CashDrawer)
This field is applicable for use with the "Create GL Entries" option.
Read-only text displays the Cash Drawer associated with the selected User Name. The Cash Drawer to associate this inventory reduction.
DeleteComments (InventoryPostingReduction_Comments)
Enter any comments that you want to print on the Posting Journal for the reduced item. For Example: Bananas were spoiled.
Delete