How to deal with the deficit and excess in inventory at the end of the year?@lubos
You can use Inventory write-offs for that.
See this guide for more details:
https://www.manager.io/guides/inventory-write-offs
Inventory write-off is used in the event of a shortage of inventory or inventory damage only, but I sometimes face an increase in inventory over the book balance, so what is the solution?
You can enter negative qty for those items for increase in qty.
I actually did that and the inventory is now numerically identical, but the value of the inventory in the assets does not increase with the increase that occurred in the value of the inventory.
Yes i just checked it doesnt increase inventory value. Inventory is going through lots of changes right now so i am not sure if this behaviour will change in future or not.
Right now you can use Journal Entry for Write-ons if you want to increase inventory value too.
Thank you for your interest.
A journal entry cannot be made because the inventory account in Manager is a merged account that does not appear in the accounting entries.
