Lesson 4 of 5 · 2 min

Counts and adjustments

Count the shelf, or put right what was damaged or found: valued at average cost, against Stock adjustments.

  1. Items → Adjustments

    Items, then Adjustments, then New adjustment, and say what it is: Add or remove (five bags spoilt by rain), a Stock count (what's on the shelf right now: Ledger works out the difference), or Opening stock when you start. For one item, its Adjust and Count on Items → Stock do the same, and Count several counts many at once.
  2. Ledger says 90 bags of basmati; the godown has 85. Count it as 85, and the 5 fewer are taken off at the average cost, Rs 7,300 each: Rs 36,500 of stock you no longer have.
  3. It goes to Stock adjustments, a cost in your profit and loss, so lost stock shows up rather than hiding in the books. Found more than you thought? It comes back in the other way round.

Try it

Opens Ledger. You'll be asked to sign in first; new businesses get a free week, no card needed.

Count your stock

Quick check

One quick question. Pick an answer and Leo will tell you how you did.

1. The books say 90 bags and you count 85. What does the count do?

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