Inventory Write-offs

The Inventory Write-offs tab in Manager.io is designed to help you recognize and document inventory losses resulting from damage, misplacement, or theft. Utilizing this feature allows you to accurately manage and track inventory discrepancies that arise outside of regular business operations.

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Creating a New Inventory Write-off

To record an inventory loss:

1. Navigate to the Inventory Write-offs tab in the left navigation menu.

2. Click the New Write-off button.

   Inventory Write-offsNew Write-off

3. Fill out the write-off form with the required information:

   • Date: Enter the date when the inventory write-off is to be recorded.
   • Reference: Assign a unique reference number for this write-off.
   • Inventory Location: Select the location associated with this inventory write-off.
   • Description: Add a brief description detailing the reason for the write-off (e.g., water damage, transit loss, etc.).
   • Total Cost: The system will calculate the total cost of the inventory written off, based on the selected items and their values.

4. Save the write-off entry to update your inventory records.

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Understanding the Inventory Write-offs Tab Columns

Each inventory write-off entry contains several columns for easy reference:

• Date: The day the write-off was recorded.
• Reference: The write-off’s unique reference number.
• Inventory Location: The name of the inventory location where the loss occurred.
• Description: Brief explanation of the loss or reason for the write-off.
• Total Cost: The calculated cost of items written off.

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By using the Inventory Write-offs feature, you maintain accurate inventory records and gain insight into inventory discrepancies due to causes beyond normal sales or usage. This helps ensure the integrity of your inventory management and provides clear documentation for financial and auditing purposes.