Adjustment Code Maintenance

Purpose To create adjustment codes that will be used in the Inventory Adjustments program. The user can list the available adjustment codes while utilizing the adjustments program. Adjustment codes help categorize your inventory adjustments by providing the user with a list of possible reasons for adjusting a part. The code can also control the accounting that takes place during an adjustment if desired.

  Some common adjustment codes are:

  IU  –  Internal Use

  WO  –  Write Off

 From the menu select Inventory Management, Maintenance Functions, Adjustment Codes.

• Adjustment Code - Enter an Adjustment Code. Note: Adjustment codes cannot contain spaces.

• Description - Enter a Description of the code entered. This description will appear in the journal transaction created an adjustment using this code.

• Debit Account - Enter a G/L Debit Account number. This account will be debited or credited, depending on whether an adjustment is negative (decrease) or positive (increase).

• Credit Account - Enter a G/L Credit Account number. This account will be debited or credited, depending on whether an adjustment is negative (decrease) or positive (increase).