If you're tracking Inventory, you may want to update current levels with a Period End Adjustment, selecting this checkbox while adjusting Products, Raw Materials or Recipes. This tool allows you to update any on-hand quantities to ensure FlexiBake matches your warehouse!
This action has a secondary feature in that it will populate Period End Adjustment slips for use in Inventory Comparison, see our related article Inventory Analysis: Period End Adjustments.
To set Inventory Levels on a Period End Adjustment, follow these steps:
- Navigate to the Inventory Centre then the New IA Slip button.
- Select either Products, Recipes or Raw Materials from the Type drop-down. This will define which type of inventory item will appear in the grid below.
- Check Adjust Inventory On-Hand and Period End Adjustment Slip check boxes.
When selecting for Products, you may check the Display Non-Inventory Items as well, to see all products on-hand, instead of selecting for Inventory Items. - Select a Date. This is the date that the Inventory will be processed as having entered or left FlexiBake, this is the date it will appear in Inventory Transaction History.
- A list of Products, Recipes or Raw Materials will appear in the grid below depending on your settings.
Make any adjustments to the inventory using the Actual fields, highlighted above. - Press the OK button, the IA Slip will be created and given a ID Number. Any changes to actual inventory levels will be saved.
- Click the Post button to finalize. Changes are not committed until the Posting Action has been completed and this action can not be un-done.
It is recommended to post immediately once we have finished working in the IA Slip! - The IA slip with now be marked as posted, stopping any further changes from occurring!
To complete a full Inventory analysis, this process will have to be performed once for each type of inventory you would like to track: Raw Material, Recipe and Product!