Before you can adjust stock quantities, you must set up the stock items in the IN Stock window (see Adding Stock Item Records). If you did not enter a quantity on hand when you set up your stock items, you can use the adjust stock quantities option to enter your stock item quantities.

There are other times when you might need to adjust your quantities. For example, if there is a discrepancy between quantities on the Control Report and your on-hand quantities. You might also find that you purchased the same stock item at different costs and need to enter them as separate adjustments. For instance, you carry an inventory item called a Widget, and you have 20 Widgets on hand. Of these 20 Widgets, you purchased 10 of them on July 7 for $25 and 10 on August 9 for $30. You should enter these items as two separate adjustment transactions. Later, when you sell the Widgets through the Sales module, their cost is based on the inventory valuation method set in the IN Inventory Codes window.