The Inventory Write-offs tab helps you recognize and document inventory losses due to damage, misplacement, or theft. This feature enables you to precisely manage inventory discrepancies that occur beyond normal business activities.
To create a new inventory write-off, click the New Write-off button.
The Inventory Write-offs tab includes the following columns:
Date – The date when the inventory write-off was recorded.
Reference – Reference number for the inventory write-off.
Inventory Location – Associated inventory location name for the inventory write-off.
Description – Description of the inventory write-off.
Total cost – Total cost of the inventory write-off.