If you need to write off your stock, for example due to customer breakages, or if the product has been used in-store (candles used for demos etc), you can use the Stock Adjustment feature to adjust the inventory value. The Stock Adjustment Report can be used to report on any adjustments made historically.
Tips for writing off stock
To ensure you're able to easily report on write-offs in the future, we recommend that when adjusting stock you use a meaningful Reason e.g. "WRITE OFF - Ref _____ - $$.$$" (where __ is a reference to look up in the future, and $$.$$ is the value of the credit)
Using the Stock Adjustment Report
When running the Stock Adjustment Report in the future, you'll find information on the write-off via:
|Title||Displays the Reason entered at the time of adjusting stock (see the recommendation above)|
|ID||The Product ID for the product|
The impact on the inventory.
Negative numbers are a decrease in stock, positive numbers are an increase in stock.
|Applied Variance COGS||
The total value written off for this product