Question

Move Stock to Non Nettable location and remove stock value from G/L

  • 13 December 2022
  • 5 replies
  • 430 views

Userlevel 3

We have components within our raw material inventory that are no longer used within our manufacturing process.  In simple terms, these items are obsolete.

We want to move the items from our main warehouse to a non nettable location in the same warehouse or a different warehouse.  We will be using the Inventory Transfer process to move the items, but we would also like the value of those items to be removed from our raw material G/L account.

We cannot physically scrap or trash these items, as they may be required within our Repair group in the future.

Has anyone done something similar or can anyone provide suggestions on how we can accomplish this?

Thanks.


5 replies

You just need to do an inventory transfer to a non-nettable bin and then do a cost adjustment to 0.00.

Userlevel 1

That is correct . Just make sure you have a reason code that transfers the cost to the correct GL account.

Userlevel 3

Thanks @jmesiano and @jsiii . 

@jsiii  The inventory transfer screen does not have a Reason Code field.  Are you thinking of the Quantity Adjustment screen, which does have a Reason Code, to direct the costs to the appropriate G/L account.  I’m not familiar with the Cost Adjustment screen, does it have a Reason Code?

Yes, it does.  You may need to set up the reason code.

Userlevel 3

Thanks.  Found the Cost Adjustment screen and can see the Reason Code field.  Opening the drop down shows we have quite a few reason codes set-up.

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