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Fastbase Accounting System - Online Manual

Stock Writedowns

Document 103370/1

Entered Mon, 9 Jun 2003 10:54 by Peter Campbell
Updated Mon, 23 May 2005 16:31

Go to Processing -> Stock Costing -> Stock Writedowns

This program is used to automatically write-down stock costs for a selected group of parts on a given date.
This program cannot currently write-down serialised stock items, these will be suppressed automatically. Non-diminishing stock items are also ignored.

Selected Products:
Select the products to write down stock for. The default is 'All products'. See Selecting Accounts for Reports & Processing.

Stock Branch:
Select the stock branch to writedown stock for. This is set to user's login branch by default.

Writedown Date:
Enter the date to writedown stock at. The date cannot go back prior to the current Inventory period.

Writedown Percent:
Enter the percentage to writedown stock. Enter "10" to writedown the stock by 10%. The stock can also be written up using this program, to a maximum of 100%.
Stock can also be adjusted to a set value, if this is required leave the "percent" field blank and enter a value in the following field.

New Value:
Enter the value to writedown stock to. This feature will write up/down all selected stock items to a specific dollar value.

When you click on the 'Start' button you will be prompted to confirm your action before processing begins.

The computer will generate a stock adjustment batch containing one adjustment transaction for each product type being written down. Each part being written down will consist of two line items, one taking the stock out (-ve) and one putting the stock back in at the new value (+ve).

You can also manually adjust the cost of any item in stock by entering a Stock Adjustment transaction. See the link below for more details.

See also: Changing Stock Costs.

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