Inventory Adjustments

Basics

Inventory adjustments record changes to inventory quantity on hand for Stock Items.

There are seven types of inventory adjustment transactions.

Adjustment Type	Description	Notes
Gain	Records increases to On Hand Qty, such as items found during a physical inventory or cycle count
Shrink	Records decreases to On Hand Qty, such as items not found during a physical inventory or cycle count
Issue	Assigns an inventory item to a particular Work Order and reduces the On Hand Qty
Order	Adds to the On Order Qty when adding a Purchase Order for the item	Automatically generated during Purchase Order processing
Receipt	Reduces On Order Qty and increases On Hand Qty when receiving an item from a Purchase Order	Automatically generated during Purchase Order receipt
Transfer In	Increases On Hand Qty by receiving items on a Transfer request coming in from another Warehouse	Automatically generated during Transfer request processing
Transfer Out	Reduces On Hand Qty by issuing items to a Transfer request going out to another Warehouse	Automatically generated during Transfer request processing

Adjustment Type

Description

Notes

Gain

Records increases to On Hand Qty, such as items found during a physical inventory or cycle count

Shrink

Records decreases to On Hand Qty, such as items not found during a physical inventory or cycle count

Issue

Assigns an inventory item to a particular Work Order and reduces the On Hand Qty

Order

Adds to the On Order Qty when adding a Purchase Order for the item

Automatically generated during Purchase Order processing

Receipt

Reduces On Order Qty and increases On Hand Qty when receiving an item from a Purchase Order

Automatically generated during Purchase Order receipt

Transfer In

Increases On Hand Qty by receiving items on a Transfer request coming in from another Warehouse

Automatically generated during Transfer request processing

Transfer Out

Reduces On Hand Qty by issuing items to a Transfer request going out to another Warehouse

Automatically generated during Transfer request processing

Only Gain, Shrink, and Issue adjustments should be manually entered.

Other inventory adjustment transactions are automatically created by FX EAM.

Inventory adjustments can be created directly in the Inventory Transaction tab or from a Stock Item record.

LiquidFrameworks, Inc. recommends entering adjustments from the Stock Item record.

Go to the Stock Item record’s Related tab
Under Inventory Transactions, select New
Select the Transaction Type
Enter the Transaction Qty

For Issue type transactions, enter a negative quantity to return items to stock from a Work Order.
Select the Bin Location affected by the transaction

If left blank, the transaction affects the Stock Item’s Primary bin location.
For Issue type transactions, select the Work Order
Click Save