IdealWare Online Users Manual

IY2-01 I/Y PROCESSING
30101 Adjustments

 

PURPOSE

 

The Adjustments Program is used to make adjustments to inventory quantities and values. All inventory adjustments posting should be followed immediately by a register print to check for accuracy, and then updated. It is good procedure to complete adjustments batches quickly. If batches are left open, changes in inventory due to receipts and sales may result in inaccurate adjustments.

 

The Adjustments Program is accessed from:

 

PROCEDURE - BATCH ACCESS

 

Select Adjustments from the Inventory Processing menu. You are taken to the batch selection screen. If there are existing batches, the program displays the header of the first batch on file (see PROCEDURE - BATCH MODIFICATION). If there are no existing batches, the program initiates a new batch with the following fields completed.

 

COMPANY NUMBER

 

Defaults to the current company number.

 

BATCH NUMBER

 

Defaults to next available number or displays existing batch number.

 

BATCH STATUS

 

Displays batch status.

 

If you are creating a new batch, batch status defaults to NEW BATCH.

 

If you access an existing batch, batch status may be any of the following:

STORE CODE

 

Enter store code for which you want to post adjustments.

 

In a single store environment, this defaults to the normal store code.

 

 


PROCEDURE - BATCH CREATION

 

When you create a new batch the following screen displays.

 

BATCH SELECTION SCREEN DISPLAY

┌────────────────────────────────────────────────────────────────────────────────┐
│06/11/07 Tm6           ***** INVENTORY ADJUSTMENTS *****                 3YAJI1 â”‚
│                                                                                â”‚
│                                                                                â”‚
│          COMPANY NUMBER      01        IDEAL BUILDING SUPPLIES LTD.            â”‚
│          BATCH NUMBER        0044                                              â”‚
│          BATCH STATUS        NEW BATCH                                         â”‚
│                                                                                â”‚
│          STORE CODE          01        IDEAL BUILDING SUPPLY LTD               â”‚
│          OPERATOR CODE       _____                                             â”‚
│          BATCH TYPE                                                            â”‚
│          UPDATE METHOD                                                         â”‚
│          REASON CODE                                                           â”‚
│          CONTROL TOTAL                                                         â”‚
│          G/L DATE                                                              â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│ENTER OPERATOR CODE (PRESS F5 FOR OPERATOR INQUIRY).                            â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘
OPERATOR CODE
ENTER OPERATOR CODE (PRESS F5 FOR OPERATOR INQUIRY).

 

Enter your salesman/operator code.

 

[F5] to display list of codes for selection.

 

BATCH TYPE

 

Displays batch type.

 

Defaults to "A", Adjustment.

 

 

UPDATE METHOD

 

Be sure of the update method. Once the update method has been set for a batch, you cannot change it.

 

 

[Enter] to accept default value "A".

 

"A" to add or subtract figures to current product totals.

 

"C" to clear current figures and replace with figures entered in batch.

 

[F3] to return to previous field.

 

REASON CODE

 

The selection here becomes the default value for each detail line entry, but you can change the reason code during data entry.

 

 

Enter reason for the adjustment(s).

 

[F3] to return to previous field.

 

[F5] to display list of reason codes for selection.

 

CONTROL TOTAL

 

If you know the correct total dollar value of the entries to be made in the batch, you can enter that amount here as a check sum to verify that all data entries have been entered accurately in the batch.

 

 

Enter control total.

 

[Enter] to bypass.

 

[F3] to return to previous field.

 

G/L DATE

 

Enter date to affect general ledger.

 

[Enter] to accept the current system date.

 

[F3] to return to previous field.

 

Example Batch Header display:

┌────────────────────────────────────────────────────────────────────────────────┐
│04/30/07 Tm5           ***** INVENTORY ADJUSTMENTS *****                 3YAJI1 â”‚
│                                                                                â”‚
│                                                                                â”‚
│          COMPANY NUMBER      01        IDEAL BUILDING SUPPLIES LTD.            â”‚
│          BATCH NUMBER        0033                                              â”‚
│          BATCH STATUS        NEW BATCH                                         â”‚
│                                                                                â”‚
│          STORE CODE          01        IDEAL BUILDING SUPPLIES LTD.            â”‚
│          OPERATOR CODE       BRIAN     BRIAN FORD                              â”‚
│          BATCH TYPE          A         ADJUSTMENT                              â”‚
│          UPDATE METHOD       A         ADD/SUBTRACT                            â”‚
│          REASON CODE         USE       STORE USE                               â”‚
│          CONTROL TOTAL          189.06                                         â”‚
│          G/L DATE            04/30/07                                          â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│** PRESS F1 FOR DATA ENTRY; F3 TO CHANGE ABOVE; F4 TO END: ______               â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘
** PRESS F1 FOR DATA ENTRY; F3 TO CHANGE ABOVE; F4 TO END: ______

 

[F1] to continue to data entry.

 

See PROCEDURE - DATA ENTRY.

 

 

[F3] to reenter batch header information.

 

[F4] to exit to menu.

 


PROCEDURE - BATCH MODIFICATION

 

When you select Adjustments from the Inventory Processing menu, if there are existing batches the first batch on file displays. You can process the displayed batch, select another batch, if any, or create a new batch.

 

Example Batch Header display:

┌────────────────────────────────────────────────────────────────────────────────┐
│04/29/07 Tm3           ***** INVENTORY ADJUSTMENTS *****                 3YAJI1 â”‚
│                                                                                â”‚
│                                                                                â”‚
│          COMPANY NUMBER      01        IDEAL BUILDING SUPPLIES LTD.            â”‚
│          BATCH NUMBER        0029                                              â”‚
│          BATCH STATUS        OPEN BATCH TO BE PRINTED                          â”‚
│                                                                                â”‚
│          STORE CODE          01        IDEAL BUILDING SUPPLIES LTD.            â”‚
│          OPERATOR CODE       BARJO     JOHN BARKER                             â”‚
│          BATCH TYPE          A         ADJUSTMENT                              â”‚
│          UPDATE METHOD       A         ADJUST (ADD/SUBTRACT)                   â”‚
│          REASON CODE         DAM       DAMAGED OR BROKEN                       â”‚
│          CONTROL TOTAL              .00                                        â”‚
│          G/L DATE            07/06/06                                          â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│** OPTIONS: SPECIFY YARD/BATCH#; CR=NEW BATCH; F1=BATCH OPTIONS: ______         â”‚
│            F2=NEXT; F3=G/L DATE; F4=END                                        â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘
** OPTIONS: SPECIFY YARD/BATCH#; CR=NEW BATCH; F1=BATCH OPTIONS:
            F2=NEXT; F3=G/L DATE; F4=END

 

Enter a different batch number.

 

Enter a 2 digit store code + 4 digit batch number (ie 010029, as in the example display above).

 

 

[Enter] to create a new batch.

 

See PROCEDURE - BATCH CREATION.

 

 

[F1] to display batch options for selection.

 

See PROCEDURE - BATCH OPTIONS.

 

 

[F2] to display next batch on file, if any.

 

[F3] to re-enter batch header information.

 

[F4] to exit to menu.

 

If the displayed batch is unavailable for data entry, BATCH STATUS will be IN USE and the following prompt displayed.

 

** OPTIONS: SPECIFY STORE/BATCH#; CR=NEW BATCH; F2=NEXT; F4=END:

 

Enter a different batch number.

 

Enter a 2 digit store code + 4 digit batch number (ie 010029, as in the example display above).

 


[Enter] to create a new batch.

 

See PROCEDURE - BATCH CREATION.

 

 

[F2] to display next batch on file, if any.

 

[F4] to exit to menu.

 

 

PROCEDURE - BATCH OPTIONS

 

To access the batch options press [F1] at the batch selection screen when the header of an open batch is displayed or press [F4] at the SEQ# field of the detail entry screen after you have completed data entry. The following menu of options displays.

 

BATCH REGISTER OPTIONS

┌──────────────────────────────────────────────────────────┐
│                                                          â”‚
│ ** BATCH REGISTER OPTIONS:                               â”‚
│                                                          â”‚
│ (D) DATA ENTRY                          (U) UPDATE BATCH â”‚
│ (R) PRINT REGISTER                      (A) ABORT BATCH  â”‚
│                                                          â”‚
│ ** CHOOSE FROM ABOVE (F3=BATCH SELECTION; F4=END): _     â”‚
│                                                          â”‚
└──────────────────────────────────────────────────────────┘
** CHOOSE FROM ABOVE (F3=BATCH SELECTION; F4=END):

 

"D" to access data entry for further processing.

 

See PROCEDURE - DATA ENTRY.

 

 

"R" to print batch registers.

 

See PROCEDURE - REGISTER PRINTING AND UPDATE.

 

 

"U" to update batch.

 

See PROCEDURE - REGISTER PRINTING AND UPDATE.

 

 

"A" to abort the batch.

 

>> ENTER 'ABORT' TO ABORT OR PRESS CR: _____

 

"A""B""O""R""T" to abort batch.

 

** ENTER UPDATE/ABORT PASSWORD:

 

Enter your password.

 

The batch is deleted without further warning.

 

 

[Enter] to cancel and return to Batch Options menu.

 

[Enter] to cancel abort and return to Batch Options menu.

 

[F3] to exit to batch selection screen.

 

[F4] to exit to menu.

 


PROCEDURE - DATA ENTRY

 

Adjustments Detail Line Entry Example display:

┌────────────────────────────────────────────────────────────────────────────────┐
│04/29/07         ***** INVENTORY STOCK ADJUSTMENT POSTING *****                 â”‚
│────────────────────────────────────────────────────────────────────────────────│
│BATCH#: 0035 CONTROL:       .00      ACTUAL:       .00      LEFT:       .00     â”‚
│────────────────────────────────────────────────────────────────────────────────│
│SEQ#  PRODUCT  LOCATION    QUANTITY  UNIT        COST UNIT        VALUE  REASON â”‚
│────────────────────────────────────────────────────────────────────────────────│
│00001 328070                   1.00  EA        15.500 EA          15.50    DAM  â”‚
│_____                                                                           â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘

 

FIELDS

 

BATCH#

 

Displays current batch number.

 

CONTROL

 

Displays value, if any, entered in CONTROL TOTAL field of batch header.

 

ACTUAL

 

Displays current value of all items entered in detail line fields.

 

LEFT

 

Displays difference between values displayed in CONTROL and ACTUAL fields.

 

If you enter an accurate control total during batch header entry, the value of the LEFT field will equal .00 when you have complete detail data entry correctly.

 

 

SEQ #

 

[Enter] to automatically display next sequential number for detail entry.

 

LINE # + CR

 

If you enter an already existing sequence number, the following options are available.

 

 

** PRESS 'CR' TO CONTINUE; 'D' TO DELETE

 

[Enter] to return to SEQ #.

 

You can then press [Enter] to add a new detail line.

 

 

"D" to delete detail line.

 

DELETE Y/N:

 

"Y" to delete the line.

 

"N" to not delete the line.

 

[F2] to display detail lines.

 

** ENTER STARTING SEQUENCE# (CR FOR FIRST; F4 TO END):

 

Enter number of beginning line to display.

 

[Enter] to begin display from first line.

 

[F4] to return to detail display screen.

 

[F4] to exit batch header selection screen.

 

PRODUCT

 

Enter product code of item to post adjustments.

 

Alternatively, you can enter the product's QUICK CODE, UPC CODE, or LOGICAL CODE.

 

 

[F5] to display propduct inquiry for selection.

 

After you have selected a product, its description is displayed at the bottom of the screen.

 

 

LOCATION

 

Displays store code where product is physically located.

 

Depending on your system configuration, this field may be empty.

 

 

QUANTITY

 

Enter quantity of product affected by adjustment.

 

UNIT

 

Enter unit of measure corresponding to quantity to be adjusted.

 

[Enter] to accept displayed default unit of measure.

 

If the product has only one unit of measure, the UNIT field is automatically set to that unit of measure. When multiple units of measure are available for the product the system displays them at the bottom of the screen for selection.

 

 

COST

 

Enter cost for item.

 

[Enter] to accept default figure (average cost, last cost).

 

[F9] to accept last recorded cost for item.

 

UNIT

 

Enter unit of measure corresponding to cost of product.


VALUE

 

Displays automatically calculated total value of product affected by adjustment.

 

The program calculates this total after the cost and cost unit figures are entered. Value adjusted = quantity adjusted times the cost. The program will allow the operator to modify the adjustment value. If the value is changed from the calculated value, the transactional cost will be recalculated based on the new value divided by the quantity. This may be particularly useful when you know the quantity and value of the adjustment, but don't know the exact cost.

 

 

REASON

 

Enter reason code for making adjustment.

 

[Enter] to accept default code entered at batch header.

 

[F5] to display list of reason codes for selection.

 

After you enter each line of data, the following prompt appears at the bottom of the screen.

 

** OK TO UPDATE? (CR TO UPDATE; F3 TO BACKUP; F4 TO BYPASS):

 

[Enter] to accept detail line.

 

The prompt is positioned in the SEQ# field of the next detail line.

 

 

[F3] to modify data in line.

 

Press [F3] at any field to return to the previous field.

 

 

[F4] to delete line and cancel all data entered in line.

 

When you have completed data entry press [F4]. You are then returned to the batch header screen with the batch you have just created or modified selected and the batch options displayed (see PROCEDURE - BATCH CREATION, PROCEDURE - BATCH MODIFICATION, and PROCEDURE - BATCH OPTIONS).

 

 

PROCEDURE - REGISTER PRINTING AND UPDATE

 

The adjustment batch registers consist of the following.

 

DETAIL REGISTER

 

This register prints a detailed report showing each product affected by the adjustment. The program calculates an adjusted cost for each product affected based on the quantity and value of the adjustments made.

 

MOVEMENT REGISTER

 

This register prints quantity, value and cost information corresponding to before and after the adjustment(s).

 

GENERAL LEDGER POSTING SUMMARY

 

This register prints a summary report showing how the general ledger will be affected by the adjustment(s). The program uses the general ledger codes defined in the A/P currency code and the product group file.

 

Once the registers have been printed, the program returns to the batch selection screen. The registers should be reviewed for such things as invalid costs (detail register) indicating that average costs might be incorrect, and inaccurate quantities (movement register) indicating that inventory might not be up to date.

 

Once the registers have been reviewed, entries can be modified or deleted if required or the batch can be updated if no further corrections are needed.

 

The adjustments batch updates the following files.

 

INVENTORY FILES

 

On-Hand quantities, values and average costs and product statistics are affected.

 

GENERAL LEDGER FILES

 

Inventory is debited and/or credited. Inventory adjustments is debited and/or credited.

 

If your system is configured with multi-site integration, the adjustment register batch is transferred to the head office for updating.

 

 

REGISTER PRINTING

 

To access the batch options press [F1] at the batch selection screen or press [F4] at the SEQ# field of the detail data entry screen.

 

The batch options menu displays (see PROCEDURE - BATCH OPTIONS). To print the batch registers, select "R". You are taken to the printer selection menu.

 

PRINTER SELECTION & CONFIGURATION

┌────────────────────────────────────────────────────────────────────────────────┐
│08/14/07                *****  PRINTER SELECTION  *****                         │
│                                                                                â”‚
│                                                                                â”‚
│** MAKE SURE PRINTER IS READY BEFORE PRESSING CR .....                          â”‚
│                                                                                â”‚
│1. PRINTER NAME ................................. P1  OKIDATA 390               â”‚
│                                                                                â”‚
│2. CHARACTERS PER INCH ? (10,12,17) ............. 10                            â”‚
│   SINGLE OR DOUBLE DENSITY ? (S,D) ............. S   SINGLE DENSITY            â”‚
│                                                                                â”‚
│** PRESS CR TO SET PRINTER, OPTION# TO CHANGE, F4 TO END (BYPASS): _            â”‚
│                                                                                â”‚
└────────────────────────────────────────────────────────────────────────────────┘
** PRESS CR TO SET PRINTER, OPTION# TO CHANGE, F4 TO END (BYPASS):

 

"1" to change printers.

 

"2" to change the CPI and/or print density.

 

[Enter] to print.

 

[F4] to not print and exit to the menu.

 

[F5] to display a list of printers for selection.

 

When adjustments are printed, the changes are posted to the inventory and inventory adjustments G/L accounts and a summary report is printed.

 

After printing the registers, you are returned to the batch options menu.

 


BATCH UPDATE

 

To update the batch, select "U" from the batch options menu (see PROCEDURE - BATCH OPTIONS). If the registers have not yet been printed the following error message displays.

 

** REGISTER NOT PRINTED (CR TO CONTINUE):

 

[Enter] to return to batch options menu.

 

Print the registers and then update the batch. After updating you are returned to the menu.

 

An example Inventory Adjustment Detail Register printout follows.

 


                                            IDEALWARE - 01  IDEALWARE - OPERATOR: BRIAN
04/29/96  16:46:58                                                                                                   PAGE: 1
                                INVENTORY ADJUSTMENT REGISTER (ADD OR SUBTRACT OPTION) - BATCH 0033

-----------------------------------------------------------------------------------------------------------------------------------
SEQ# PRODUCT        DESCRIPTION           INPUT QTY          STD QTY            COST            VALUE    OLD VALUE   ADJUSTMENT
-----------------------------------------------------------------------------------------------------------------------------------

00001 327420        302-4" ELECTRICIAN S          1  EA             1            2.19 EA         2.19         6.57        2.19  DAM
00002 324320        WEISER A101H-26D PAS          1  EA             1           14.33 EA        14.33       186.22       14.33  DAM
00003 508458        B&D #97152 14.4v XR           1  EA             1           78.38 EA        78.38       156.75       78.38  DAM
00004 601290        GALV PIPE 4"x 60" 30          2  EA             2            2.95 EA         5.90        14.75        5.90  GRP
00005 275410        1X1 D&BTR CLR S1S WR        100  LIN            8             .77 LIN       76.46     4,129.82       76.46  DAM
                    5/10    5/10
00006 604440        ARROW 584 1/4 BOSTIC          2  PKG            2            1.83 PKG        3.67        14.67        3.67  USE
00007 108600        1X8 2&BTR N/H CHAN W          3  PCS            6          312.63 MFBM       1.88     1,489.97        1.88  USE
00008 348030        P-450 OLFA PLASTC/LA          1  EA             1            4.15 EA         4.15        45.65        4.15  MTC
00009 601090        OAK SCREW CAPS 100/P          1  EA             1            2.10 EA         2.10         4.20        2.10  DAM
                                                                                            ----------   ----------  ----------
REGISTER TOTALS:                                                                               189.06     6,048.60      189.06
                                                                                            ==========   ==========  ==========

RECORDS: 9       ACTUAL:     189.06         CONTROL:     189.06         DIFFERENCE:        .00                                      

FIELDS                                    

SEQ#         sequence in batch
PRODUCT      product code
DESCRIPTION  description of product
INPUT QTY    number of units
STD QTY      standard quantity unit of product
COST         cost and costing unit
VALUE        total value of items adjusted
OLD VALUE    old value of inventory for item
ADJUSTMENT   adjustment to the old value


Example Inventory Adjustment Movement Register printout:

                                           IDEALWARE - 01  IDEALWARE - OPERATOR: BRIAN
04/29/96  16:46:59                                                                                                 PAGE: 1
                               INVENTORY ADJUSTMENT REGISTER (ADD OR SUBTRACT OPTION) - BATCH 0033

-----------------------------------------------------------------------------------------------------------------------------------
                                  **** MASTER BEFORE ****     ****** ADJUSTED *******     **** MASTER AFTER *****    COST
PRODUCT DESCRIPTION               QTY      VALUE     COST     QTY      VALUE     COST     QTY      VALUE     COST   CHANGE      %
-----------------------------------------------------------------------------------------------------------------------------------
108600     1X8 2&BTR N/H CHAN    4766   1,489.97   312.63       6       1.88   313.33    4772   1,491.85   312.62      .01-
275410     1X1 D&BTR CLR S1S W5399948   4,129.82      .76       8      76.46  9178.87 5399956   4,206.28      .78      .02     1.99
324320     WEISER A101H-26D PA     13     186.22    14.32       1      14.33    14.33      14     200.55    14.33      .01      .04
327420     302-4" ELECTRICIAN       3       6.57     2.19       1       2.19     2.19       4       8.76     2.19      .00
348030     P-450 OLFA PLASTC/L     11      45.65     4.15       1       4.15     4.15      12      49.80     4.15      .00
508458     B&D #97152 14.4v XR      2     156.75    78.38       1      78.38    78.38       3     235.13    78.38      .01      .01
601090     OAK SCREW CAPS 100/      2       4.20     2.10       1       2.10     2.10       3       6.30     2.10      .00
601290     GALV PIPE 4"x 60" 3      5      14.75     2.95       2       5.90     2.95       7      20.65     2.95      .00
604440     ARROW 584 1/4 BOSTI      8      14.67     1.83       2       3.67     1.84      10      18.34     1.83      .00     .18-
                                      ----------                  ----------                  ----------
BATCH TOTALS:                           6,048.60                      189.06                    6,237.66
                                      ==========                  ==========                  ==========

FIELDS                                    

PRODUCT        product code
DESCRIPTION    description of product
MASTER BEFORE  values before adjustments
  QTY            quantity
  VALUE          value
  COST           average cost
ADJUSTED       adjusted values
  QTY            quantity
  VALUE          value
  COST           average cost
MASTER AFTER   values after adjustments
  QTY            quantity
  VALUE          value
  COST           average cost
COST CHANGE    change in cost of item due to adjustment
%              percentage change in item cost


Example G/L Posting Summary printout:

                            IDEALWARE
 04/29/96  16:46:59                                                  PAGE: 1
                       GENERAL LEDGER POSTING SUMMARY
 SOURCE CODE: YJ             BATCH NUMBER: 0033           G/L 
 DATE: 04/29/96
----------------------------------------------------------------------------
 ACCOUNT       ACCOUNT                            DEBIT          CREDIT
 CODE          NAME                               AMOUNT         AMOUNT
----------------------------------------------------------------------------
 01-00-1300     Inventory                         189.06
 01-00-5098     Inventory Adjustments                            189.06
                                             ------------    ------------
                                                  189.06         189.06

FIELDS                                    

SOURCE CODE    designates batch type
BATCH NUMBER   number of batch which generated the posting
DATE           date of posting
ACCOUNT CODE   G/L account code
ACCOUNT NAME   G/L account name
DEBIT AMOUNT   the debited amount
CREDIT AMOUNT  the credited amount