Understanding Inventory Adjustments

Inventory adjustments allow users to record stock additions, removals, corrections, damaged goods, etc.

Overview

The Inventory Adjustments feature of Resto iQ allows users to:

  • Record stock additions (increase to current stock level)
  • Removals
  • Corrections due to variances
  • Damaged goods (or decrease current stock level)

 

To access, login to Resto iQ and click:

  1. Inventory
  2. Inventory Adjustments
  3. Add Stock Adjustment

 

 

Recording Stock Adjustments

To start recording inventory adjustments, click "Add Stock Adjustment", and you should see this card.

  1. Location
    Enter the location of adjustment (store/branch location).

  2. Adjustment type

    Adjustment types are important as this instructs Resto iQ if the item is an addition or a subtraction from the current stock level. In the example image above, these are the types that subtract from the current stock level: spoilage/sample/missing, while delivery/beginning inv adds to the current stock level.

  3. Note (optional, but recommended)
    While it is optional, we recommend putting a note here as a way to document the adjustment. This aids future recall and backtracking.

  4. Import (optional)
    This feature is coming soon!

  5. Stock Adjustment Items
    This is where users will enter inventory items that need adjusting. Just type the inventory name for Resto iQ to recall the item configured and enter the adjustment quantity.

    In this example after entering "apple" and selecting the item recalled by Resto iQ, we can now proceed to entering the "Adjust Qty". If the adjustment type is a subtraction to current stock level, any value entered here will decrease the level. Conversely if the adjustment type is an addition to the stock level, it will increase.

    Important: it is important to only use digits here and avoid "+" or "-" symbols.

    Example, if we enter:
    - Adjustment Type: Spoilage (decrease)
    - Adjustment Qty: 10
    = Resto iQ will decrease the current stock level from 10 to 0. 

 

Inventory Adjustments can be versatile, depending on the configuration that works with your organization.