You process a year end stock take to ensure that the theoretical quantities in Sage Accounting match the physical quantities you have on hand. 

This is to ensure that the value of your stock is correct in the Balance Sheet.

1. Log into Sage Accounting.
2. Click Items and then Transactions.
3. Click Item Adjustments.
4. Click the Quantity on Hand and/or Average Cost option or the Quick Entry Grid option.
5. Click Next.

Quantity on Hand and/or Average Cost option

1. Select the item you want to adjust.
2. Enter a reason for the adjustment. (This is compulsory).
3. The current average cost of the item will display.
4. To change the average cost, enter a new average cost.
5. The current quantity on hand will be display.
6. Enter the physical quantity in New Quantity On Hand.
7. Select the date of the adjustment.
8. Click Next.

Quick Entry Grid option (recommended)

1. Select the date of the adjustment.
2. Enter a reason for the adjustment (This is compulsory).
3. Click the Load All button to load all items.
4. Enter the average cost in the New Average Cost field.
5. Enter the quantity in the New Quantity on Hand field.
6. Capture all your items adjustments.
7. Click Save.

 NOTE: You cannot edit or delete Item adjustments. To correct an item adjustment, you will need to process another item adjustment on the same date.