Changes to Inventory write-off

1

I’ve just noticed that most of my inventory write-offs have been converted to journal entries, probably sometime within the last few days. I see that now when creating a new inventory write-off there is no option to specify an expense account. I assume that it is now allocated directly to the inventory cost account. A quick test seems to confirm this. So, am I correct in thinking that:

  1. Inventory write-offs should only be used when the expense is to be allocated to the inventory cost account, for example in the case of theft, damage, loss, etc?
  2. For all other cases in which inventory write-offs may previously have been used (such as the use of stock within the business), journal entries should be used instead, allowing allocation to a different expense account?

When doing an inventory write-on (for example, when extra stock is found during a stock check), would it be considered best practice to use an inventory write-off with a negative quantity?

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2

I see there is now the option to allocate an inventory write-off to an expense account, and I think I understand how the revised inventory costing system works with regards to inventory write-offs. It looks like it simplifies things a bit for us. However, I would still be grateful to get feedback on this query:

3

I am also facing the same. In addition to this, inventory write-off form used to pick unit cost automatically. Now it shows blank. It appears we have to input the unit cost. Should this not be automatically picked up by the system as was the case before?

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