Inventory Adjustment

If a product breaks or its date has expired, you need to update your inventory. This can be easily done with Rackbeat’s inventory adjustment.

You would have to be blessed with a supernatural amount of luck if you could run your warehouse without ever experiencing that a product breaks or becomes too old before you manage to sell it. Therefore, you have most likely had to adjust your inventory, either in the inventory sheets or notepad, because a product has been lost on its way to or at your warehouse. But this is both time-consuming and impractical, as you have to update both your inventory and financial system manually. With Rackbeat’s inventory adjustments, you save time, get an overview, and synchronize the inventory values with the accounting system.

Get Your Inventory and Inventory Values in Order with Rackbeat's Inventory Adjustment

It is simple to perform an inventory adjustment in Rackbeat. As soon as you discover that a product is defective, broken, or expired, you go to the products tab, where you find the point “Adjustment.” From here, you get an overview of all your previous adjustments in your product inventory as well as the opportunity to create a new one.

When you make your inventory adjustment, you choose an adjustment type. It could be “waste” or “obsolescence” if the product has broken or expired, “production,” if, for example, a prototype has been made that should not be sold, “status” – if there has been a correction in a count, etc. To this, you also attach a reason for the adjustment, date, and possibly a description before you adjust the number of items. After you have posted the inventory adjustment, your inventory will be updated and your accounting system will be informed of the changed financial inventory values when it gets synchronized. Rackbeat collaborates with many accounting systems – see which ones here.

You can make inventory adjustments with both the basic and premium subscription.