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Using TurboCASH

 







STOCK ADJUSTMENTS
ADJUST QUANTITY AND AVERAGE COST
  
This option allows you to change the quantity of stock on hand. The total cost price will remain unchanged, but the average cost price will be changed due to the change in quantity.

You may use this option when you have done a physical count of your stock items (stock-taking) and find that the quantities of certain stock items differ from those in TurboCASH. It may be because certain stock items are lost or stolen. You need to enter the correct values of your Stock at hand and have to enter them in TurboCASH.

To Adjust your Quantity and Average Cost:
Click on the Input - Adjust Stock menu option or press the and keys on your keyboard. Alternatively you may press the and and keys on your keyboard. The Stock Item screen on the Adjustments tab will be displayed, listing all the Adjustment options.
Select Qty & Ave Cost and the Quantities (Reorder and On Hand) as well as the Cost Price (Average Cost and unit Cost) fields will be displayed.

 

Title bar - double-click to display this screen in full size. double-click again to return to the original size. Close button - click to close or exit this screen. Select to create, edit or delete a Stock Item. If selected, you may edit the data in the columns for each Stock Items. If selected, all the adjustments options are listed. Select to adjust Average and Latest Cost. Select to adjust Stock Quantities and Average Cost. Select to adjust Stock Quantity and Latest Cost. Select to adjust Selling Prices of Stock Items. Scroll bar - scroll to view more columns for the Stock Items. Scroll bar - scroll to view more Stock Items. Select this Option and click on the folder icon to select a valid Lotus Spreadsheet File. Enter or select a valid date using the Date Picker. Select to adjust Selling Prices by a specified percentage. Click OK to save your changes and to process this screen. Click to close or exit this screen. Select to apply the Selling Price Adjustment to all Stock Items. Arrow - indicates the selected Stock Item. The Codes for all the available Stock Items. The Descriptions for all the available Stock Items. The Average Cost for your Stock Items. Unit Cost - The cost price per Stock Item unit. Barcodes will be displayed if you use barcodes. The minimum level for Stock Items before you need to re-order. Quantity of Stock Items on hand. Click on the down arrow to select to take-on Opening Stock Quantities and Cost or to select a Stock Item on the Stock Item search facility. Minimise button - click to minimise this screen. Restore button - click to restore this screen to its original size.
Select and enter the following:

Option Description
Stock Code and Stock Description The Stock Code and Stock Description will be displayed to select from. Select the stock code or stock description of the item you wish to adjust.
Quantity on Hand Enter the new quantity for the selected stock item.
Cost Average and Unit Cost. All your current average and unit cost prices will be displayed. The total cost price will remain unchanged, but the average cost price will be changed due to the change in quantity.

Once you are finished, click on the button to save the changes.
Click on the button or the Close button to exit or close this screen. You may also press key on your keyboard.

It is good practice to retrieve a Stock Item Listing report reflecting your quantities and cost prices after finishing these adjustments. To generate a Stock Item Listing report, click here.