The Stock Adjustment section of a Product is used for entering stock without a Purchase Order. This is particularly useful when you initially begin using Workhorse, as you may have existing stock that needs to be entered into the system. Additionally, it allows you to correct stock levels during stock checks.
Add a new Stock Adjustment
To add a Stock Adjustment, select + New.
Once you’ve made the Stock Adjustment, it will display in the Stock Adjustments area of the Products page.
Stock Adjustments field explanations
|Defaults to today’s date and current time though this can be changed.
|Where is this stock being stored? If you only have one Stock Location it will be set as the default, but if you have multiple locations, you can select the one you need.
|Starting Stock Quantity
|The amount of stock you are holding at this Stock Location before you make the adjustment.
|The amount of stock you’re adding or removing. If your stock balance is 10 and it should be 8, enter (-2) here.
|New Stock Quantity
|Starting stock quantity +/- the adjustment.
|By default, this price represents the current average cost of the Product, calculated per unit. This can be modified when adding stock, although it is important to note that adjusting the price will impact the Product’s overall average cost. There is no need to adjust this field when removing stock.
|New Batch Number
|If your Product is Batch Controlled, you’ll need to either create a new Batch Number or add the new Product to an Existing Batch (see below). This field will not be visible if your Product is not Batch Controlled.
|If you utilise Batch or Expiry Dates, you can input a new Batch Date or Expiry Date in this section. This field will not be visible if your Product is not Batch Controlled.
|(or) Existing Batch
|If your Product is Batch Controlled, you’ll need to either create a new Batch Number (see above) or add the new Product to an Existing Batch. Select the Existing Batch from the dropdown list. This field will not be visible if your Product is not Batch Controlled.
|Reason for adjustment.
|Identifier of this adjustment in Xero.