Inventory Write off option helps you to remove the inventory from SPS and doing this also reduces the Inventory Value in the accounting
Go to Inventory Home to create an Inventory Write Off
- Click on Plus Icon to create a new Inventory Adjustment
- In the list of various adjustments select Write-Off Serialized Inventory
To complete creating an Inventory Write Off
- Reason Code: This is to categorize inventory adjustments and also helps you in identifying why the Inventory is Writted-Off from the SPS.
- Inventory Write-Off Account: Whenever the Inventory is removed from the SPS it also hits the Inventory linked accounts and when Written-Off it asks you to select the COGS Account.
- Filters: Type the material that you want to Write off and click on Search to see the available Inventory.
- Checkboxes: Select the checkboxes so that the respective inventory lines will be added to the transaction.
- Inventory Write-Off: Click on Inventory Write-Off button to create Write-Off the selected Inventory