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The value of the item is increases due to to supply of demand. How can I adjust the value of item in Zoho ERP?
A Value Adjustment is recorded in Zoho ERP when the value of an item increases or decreases due to supply and demand. For example, if an item is slow-moving, it leads to a drop in the unit cost and the asset value.
To record the value adjustment for an item in Zoho ERP,
- Navigate to Inventory on the left sidebar.
- Go to Inventory Control in the top Module bar.
- Click Inventory Adjustments in the dropdown.
- Click +New in the top right corner of the page and provide the required details,
| Field | Description |
|---|---|
| Mode of Adjustment | Select the adjustment type as Value Adjustment to update the cost of the item |
| Reference Number | Enter a unique reference number for the adjustment. This helps you identify the record easily. |
| Date | Select the date on which the adjustment is created or recorded. |
| Account | Choose the account that should be used for tracking the adjustment. |
| Reason | Select the reason for making the adjustment. This helps in explaining why the quantity or value was changed. |
| Location | Select the item’s warehouse or location where the adjustment applies. |
| Description | Add description about the adjustment if required. |
| Attach Files | Upload related files if needed. |
- Choose the items you want to update its value. You can view the current value of each item.
- You can either enter the Changed Value or specify the Adjusted Value (for example, +10 or –10). Based on the value you enter, the other field will be updated automatically.
- Click Save as Draft or Convert to Adjusted to successfully adjust stocks.