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taken from the Accounting Made Easy e-book








STOCK ADJUSTMENTS
ADJUST AVERAGE AND LATEST COST
  
This option allows you to adjust either the average cost or the latest cost of a particular line item. If you change the average cost, TurboCASH will change the latest cost for you (depending on your quantity on hand), and if you change the latest cost, TurboCASH will change the average cost.

To Adjust your Average and Latest Cost:
Click on the Input - Adjust Stock menu option or press the and keys on your keyboard. Alternatively you may press the and and keys on your keyboard. The Stock Item screen on the Adjustments tab will be displayed, listing all the Adjustment options.
Select Ave & Latest Cost and the Cost Price (Average Cost and Unit Cost) fields will be displayed.

Title bar - double-click to display this screen in full size. double-click again to return to the original size. Close button - click to close or exit this screen. Select to create, edit or delete a Stock Item. If selected, you may edit the data in the columns for each Stock Items. If selected, all the adjustments options are listed. Select, if not already selected to adjust Average and Latest Cost. Select to adjust Stock Quantities and Average Cost. Select to adjust Stock Quantity and Latest Cost. Select to adjust Selling Prices of Stock Items. Scroll bar - scroll to view more columns for the Stock Items. Scroll bar - scroll to view more Stock Items. Select this Option and click on the folder icon to select a valid Lotus Spreadsheet File. Enter or select a valid date using the Date Picker. Select to adjust Selling Prices by a specified percentage. Click OK to save your changes and to process this screen. Click to close or exit this screen. Select to apply the Selling Price Adjustment to all Stock Items. Arrow - indicates the selected Stock Item. The Codes for all the available Stock Items. The Descriptions for all the available Stock Items. The Average Cost for your Stock Items. Unit Cost - The cost price per Stock Item unit. Barcodes will be displayed if you use barcodes. The minimum level for Stock Items before you need to re-order. Quantity of Stock Items on hand. Click on the down arrow to select to take-on Opening Stock Quantities and Cost or to select a Stock Item on the Stock Item search facility. Minimise button - click to minimise this screen. Restore button - click to restore this screen to its original size.
Select and enter the following:

Option Description
Stock Code and Stock Description The Stock Code and Stock Description will be displayed to select from. Select the stock code or stock description of the item you wish to adjust.
Cost Average and Unit Cost. All your current average and unit cost prices will be displayed. You may overtype them individually with your new Average and Latest Cost prices.
Quantity on Hand Enter the new quantity for the selected stock item.

Once you are finished, click on the button to save the changes.
Click on the button or the Close button to exit or close this screen. You may also press key on your keyboard.

It is good practice to retrieve a Stock Item Listing report reflecting your average and cost prices after finishing these adjustments. To generate a Stock Item Listing report, click here.

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Content released by Digidan under the GNU Free Documentation License 1.2.