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  13. (Accounting) Decrease stock in...

(Accounting) Decrease stock in the stock take routine

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The following describes the accounting transactions the system creates when you decrease the normal stock in the stock take routine.

Prerequisites

Stock on hand in Warehouse balance file 100
Quantity counted 75
Cost price 100.00

Created transactions

Transaction type Description Amount
Debit		 Amount
Credit		 Calculation/Result/Additional info
901 Stock value   2500.00
Cost price * (Stock on hand in Warehouse balance file – Qty counted)

100.00 * (100 – 75) = 2500.00

If the cost type is:

  • Standard cost, the cost price is retrieved from the Standard cost field in the Item file
  • Average purchase cost, the cost price is retrieved from the Average cost field in the Item file
  • FIFO, the cost price is retrieved from oldest active transaction in the FIFO file. If the quantity in the oldest transaction does not cover the whole quantity, the system also uses the second oldest transaction, and so on.
913 Stock take difference, negative 2500.00   Tip: In Financials you should account the stock take differences on a separate account. If you account those differences on the same account as Cost for goods sold (800), it is more difficult to trace stock take differences.

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