...

Depending on the decisions made, stock adjustments are recognized in financial accounting in different ways: as profit and loss items in the current period, as an employee’s receivables, as a third-party receivable, or payables to third-party.

At this stagethe next step, the cost of goods is evaluated. Cost evaluation is especially important in cases of stock reclassification or stock quality changes. For simplification purposes, data on the cost of goods can be filled in with data from disposed goods.

...

8. On the Review generated inventory adjustment documents page, check the list of created and posted inventory adjustment documents. Open the document.

9. Open the document, maintain expense and income records.

How to define prices for reclassification and quality change

1. In the stock adjustment recognition document, click Main tab, check if valuation option requires different valuation for goods. Maintain default expense item or income item relevant to the stock adjustments recognition, then select relevant Dimension.

2. Click Advanced settings tab, select Currency, fill in the Cause for stock adjustment.

3. Click the Goods tab, fill in Price column10. Fill other required fields. Post the document.