eoStar already gives you four Write-Off Reasons; however, additional write-off reasons may be created. The four given reasons are Cut, Damaged, Out of Date, and Spoiled. Write off reasons are used to explain why quantities of products are being removed from the inventory amounts. Typically, these reasons assist with reporting.
The GL Group for the records refers to the GL Inventory Write-Off Groups, that may be assigned to the selected write-off reason. These GL groups also assist with the creation of reports.
How-To Create a New Write-Off Reason
- Go to Records>Products>Write-Off Reasons.
- Select New.
- Specify record and employee number for employee record. Either select the provided number or create your own.
- Insert the Name, and GL Group.
- Click Save.
To add inventory to the write-off list, See Write-off inventory.
This panel shows any reports related to the write-off reasons. The selected report can be changed under the report segment in the bottom box and by the time period. The reports shown here can be sent to both the printer and excel. For more information, see Reports Panel.