Lab - Use an inventory adjustment journal

Completed

Read this first - before you start the lab!

Important

For this lab, you CANNOT sign in with your own credentials.

If you are signed in to Finance and Operations in the lab environment, you don’t need to sign in again, and can begin your work on this lab.

If you are not signed in to the lab environment yet, then go to the first lab unit in this module for instructions. Then, after you successfully sign in, use the Next button in the Instructions tab of the lab side bar to return to this lab scenario, and begin your work.

Scenario

As a warehouse manager in the USMF company, you need to adjust stock levels of products in the warehouse.

  1. Go to Inventory management > Journal entries > Items > Inventory adjustment.
  2. Select New.
  3. In the Name field, select the drop-down button to open the lookup.
  4. In the list, select the inventory adjustment journal name that you want to use. Other fields will be populated based on the setup of the inventory adjustment journal name that you select.
  5. Select OK.
  6. Select New in the Journal lines FastTab.
  7. In the Item number field, select D0001.
  8. In the Site field, select the drop-down button to open the lookup.
  9. In the list, select site 1.
  10. In the Warehouse field, select the drop-down button to open the lookup.
  11. In the list, select Warehouse 13. If you have selected an item with Location as a mandatory dimension, you would have to specify the location here.
  12. In the Quantity field, enter a number. The Cost price field specifies the cost per unit for inventory receipts. If the cost is not specified for the item number, or if you wanted to change it manually, you would do this here.
  13. Select Validate.
  14. Select OK.
  15. Select Post. When you post this kind of journal, an inventory receipt or issue is posted, the inventory level and value are changed, and ledger transactions are generated.
  16. Select OK.
  17. Close all pages.

Go to the next lab instructions from the lab environment

Select the Next button in the bottom-right corner of the lab side bar.