Inventory Write Down

Overview

Inventory write-downs occur when the value of an inventory is diminished—which can happen for a multitude of reasons. Obsolescence tends to be a common reason why inventory might be written down. If a new model of a product comes out, consumer demand decreases, or market trends shift, and companies may be left holding inventory that is a fraction of its original value. This is especially frequent in industries like technology and retail where there are short life cycles for products.

However, inventory might also be written down for more physical reasons, like misplacement, damage, spoilage, or theft. In these cases, effective inventory management becomes imperative to prevent inventory shrinkage and devaluation.

Create Inventory Write Down

Login to Console --> Inventory --> Inventory Write Down

Already created write-downs will be listed here. Users can search for write-downs by providing details in the search fields.

To add a new inventory write-down, click on the Create Write Down button.

Enter any write-down comments/remarks in the Remarks field provided.

Use the Item Lookup or Scan Items option to select the inventory.

Enter the values on the New Unit Cost field and hit Save.

The cost will be adjusted in the actual item and also in inventory operations like Adjustment, Transfer, Transfer Order, and Receiving.

Saving the write-down will automatically take you to the Inventory Write-Down page.

Click on the 'Transaction No.' will take you to the write-down summary page where you can see all the information regarding that particular transaction.

Transaction Number:  Auto-generated inventory write-down transaction number.

Created By: Will auto-populate once the transaction is saved

Remarks: Shows the write-down remarks/comments

ADJ Locations: This shows the locations where the adjustments are done. Clicking on the View All button will list all locations.

Status: This shows the status of the write-down transaction.

To view the location adjustment details, click on the count (Adj. Locations) for each item

Reason Code Management in Inventory Write Down

For more information on creation of reason codes for Inventory Write Down, Click Here.

Once saved from Settings →Reason Code, the reason code becomes available for selection during inventory write-down transactions.

The Inventory → Inventory Write-Down screen now includes an optional dropdown labeled: Reason Code

Key behavior:

• The dropdown displays only reason codes where Operation = Inventory Write-Down.

• Selecting a reason code is optional.

  

• Reason code will be visible under Write-down grid and Inventory Write Down Summary Screen.

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• Item Import Field Descriptions
• Overview
• Merchant Onboarding
• Navigation Bar
• Reports
• Items
• Settings
• Dashboard Overview
• Company
• Register

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