The Inventory Write-offs tab helps you record and track inventory losses. Use this feature when inventory items are damaged, lost, stolen, or otherwise removed from stock outside of normal sales transactions.
Inventory write-offs maintain accurate inventory records by properly accounting for items that can no longer be sold or used.
To create a new inventory write-off, click the New Write-off button.
The Inventory Write-offs tab displays all recorded write-offs with the following information:
The date when the inventory write-off occurred or was recorded in the system.
A unique reference number that identifies this specific inventory write-off transaction.
The inventory location where the written-off items were stored. This helps track losses by location.
A brief description explaining the reason for the inventory write-off, such as damage details or circumstances of loss.
The total cost value of all inventory items included in this write-off. This amount represents the loss to your business.