Cost Adjustment view allows user to adjust cost of particular batch of products’ stock inventory. Below are available actions for the user from “Cost Adjustment” view:
Create new cost adjustment
Update cost adjustment details
Delete cost adjustment
View and search for cost adjustment details
Field Name |
Description |
Mandatory Information |
| Document Date | Creation date of the document | Y |
| Document Number | Document number of the cost adjustment | Y |
| Reference Number | Code for easy reference search of the document | N |
| Branch | Name of company’s branch | Y |
| Warehouse | The warehouse of which stock cost to be adjusted | Y |
| Representative | Name of staff assigned to do the cost adjustment | N |
| Analytical Group | Y | |
| Description | Additional information in regard to the cost adjustment document | N |
| Product Brand | Select product brand(s) to filter products | N |
| Filter | Enter keyword(s) to filter / search for products | N |
| Product | Product code of the item | Y |
| Description | Description of the item | N |
| UOM | Type of the item (Unit of Measure) | Y |
| Batch # | Batch number of the item to make adjustment | Y |
| Unit Cost | Cost per item, enter new value to adjust the cost | Y |
| System Qty | Available quantity of item in the warehouse’s system for the selected batch number | Y |
| New Value | New total cost for the available quantity of the item | Y |
| Adjust Value | Total adjustment cost value for the available quantity of the item | Y |
| Grand Total | Total adjustment cost for all the items on the cost adjustment document | Y |
Create New Cost Adjustment:
1. Click on “Create New” at the top right of screen of “Cost Adjustment List” tab, it will open “Cost Adjustment” tab with empty form
2. Fill up cost adjustment’s information on the top half of screen
3. Click “Save” button at the bottom right side of screen
4. Filter the products list by selecting a brand from “Product Brand” drop-down list. Add product into the cost adjustment by searching for the product from the product drop-down list in the table on “Items / Articles” tab
5. Enter the product’s info. Select a batch from “Batch #” drop down list, it will pull up current unit cost and available quantity in the selected warehouse’s system
6. Enter the new unit cost in “Unit Cost” field and click 
button to add the product into the cost adjustment
7. Repeat steps 4-6 to add more products into the cost adjustment
8. Click on “Notes / Attachments” tab at the middle of screen to add notes or files attachment for the cost adjustment
9. Click on “Save” button at the bottom right of screen to save
10. Click on “Confirm Cost Adjustment” button at the bottom of screen to confirm the cost adjustment
11. Click on “Post To Accounts” button at the bottom of screen to post the cost adjustment to accounts. Journal entries for the cost adjustment will be automatically created under “Posting” tab
Update Cost Adjustment Details:
1. Click on “Cost Adjustment List” tab at the bottom of screen
2. Double click on cost adjustment to be updated, it will bring up the details on “Cost Adjustment” tab for the selected cost adjustment. If a cost adjustment’s status is “Confirmed” or “Posted”, right click on the order and reopen / undo approval of the adjustment first
3. Make change(s) on the cost adjustment information
4. Click on “Save” button at the bottom right of screen to save
5. Click on “Revert” button at the bottom right of screen or refresh icon at the top of the screen to roll back the changes
6. Click on “Confirm Cost Adjustment” button at the bottom of screen to confirm the cost adjustment
7. Click on “Post To Accounts” button at the bottom of screen to post the cost adjustment to accounts
Delete Cost Adjustment:
1. Click on “Cost Adjustment List” tab at the bottom of screen
2. Double click on cost adjustment to be deleted, it will bring up the details on “Cost Adjustment” tab for the selected adjustment. If a cost adjustment’s status is “Confirmed” or “Posted”, right click on the order and reopen / undo approval of the adjustment first
3. Click on “Delete” button at the bottom right side of screen
4. Click on “Yes” button on the pop-up window to confirm cost adjustment deletion
View and Search for Cost Adjustment Details:
1. Click on “Cost Adjustment List” tab at the bottom of screen
2. Enter search parameter to filter the result, i.e. type in which warehouse to search for in the “Warehouse” text field box or select from drop-down list
3. Result can be sorted alphabetically by clicking the fields’ columns
4. Double click on cost adjustment to view full details of the document, it will bring up the details on “Cost Adjustment” tab for the selected document