How to Use Inventory Adjustments in Wafeq | Opening Stock, Write-downs & Write-offs

#InventoryAdjustments #Inventory #Wafeq Learn how to use inventory adjustments in Wafeq to keep your stock at what it's worth. You set up opening stock, write stock down when it's worth less, and write off stock that's gone, with the difference booked to the right account. You'll learn how to: • Set up opening stock with a quantity and value adjustment • Write stock down with a value adjustment, and see how Wafeq divides it among warehouses • Open an adjustment's journal in the general ledger • Write off damaged stock with a quantity adjustment at average cost • Save an adjustment as a draft for review, or post it • Count your stock with inventory counts, and see every change in the inventory movement report Chapters: 0:00 Intro 0:19 How inventory adjustments work 1:22 Inventory adjustments in Wafeq 1:39 Opening stock 2:00 Writing stock down (value adjustment) 2:23 The journal entry 2:38 Average cost on the product page 2:49 Writing off damaged stock (quantity adjustment) 3:20 Draft or post 3:29 Inventory counts 3:50 Inventory movement report 4:01 Recap 🚀 Start your free trial: https://www.wafeq.com/en #StockManagement #Accounting