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How to write off damaged Parts Stock

The purpose of this guide is to provide advise on writing off and tracking damaged stock. 

 

1. There needs to be a GL Account where you write this stock off to. There is a 'Inventory Adjustment" GL in the system already which you can check if this is sufficient as this is the GL that gets used in the normal Stock take process. If not create a separate GL as per your accountants advise http://service.autosoft.com.au/entries/21512685-How-to-Create-and-Edit-General-Ledger-Accounts

 

2. Invoice the Parts out to an Internal Account. See this guide on how to do this and if you have been advised to have a separate GL, Map in the Last Expense Account line of the Workshop Sale Type  http://service.autosoft.com.au/entries/22021799-How-to-Setup-and-Charge-Parts-and-Labour-to-an-Internal-Company-Account

 

3. If you have no stock left of this part and do not wish to keep it in stock anymore, mark it as inactive http://service.autosoft.com.au/entries/21550505-How-to-Delete-or-Make-a-Part-Inactive

 

 

 

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