Stock adjustments - year end preparation

You will learn the steps necessary to capture your year end stock adjustments in Sage Accounting.

In order to ensure that your inventory is is captured correctly you will need to ensure you have:

• Processed your inventory stock adjustments
• Captured your inventory movement on your balance sheet

Processing your inventory stock adjustments

You need to process your year end stock adjustments to ensure that the theoretical quantity in Sage is the same as the physical quantity you have on hand.

Follow the step by step guide Year end preparation - Stock take to learn how.

Capturing your inventory movement on your balance sheet

You must do this is you do not use the Inventory Advances module. This is to ensure you have captured your inventory movement for the year on your balance sheet.

Follow the step by step guide Year end preparation - Adjusting your inventory balance sheet account to learn how.