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New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.

Damaged Inventory Accounting

edited Nov 26, 2019 8:38AM in Accounting / ERP 3 comments

Is using an Inventory Adjustment to a Damaged Goods account the best way of handling this?

We are having a glitch since some of our product costs were inaccurate when we migrated, with it simply being set to '0' in many cases. When doing an IA for a damaged item, it defaults the cost to '0' (since qty<0) as well with no way to adjust for the correct value (manual entered) of the item.

Thanks,
James

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