Optimizing Stock Control: A Guide to Stock Adjustment on VirtualRX

5 February 2024

VirtualRX’s comprehensive suite of features includes a powerful Stock Adjustment module, designed to streamline the process of managing your inventory. Whether you’re writing off damaged stock or adjusting quantities after a stock take, the Stock Adjustment feature is your go-to tool. Here’s a step-by-step guide on how to effectively use Stock Adjustment:

Stock Adjustment:

Creating a Stock Adjustment:

• Start by navigating to Add Stock Adjustment in your VirtualRX dashboard.
• Select the business location and date for the adjustment.
• Choose the Adjustment Type, classifying it as Normal or Abnormal. Normal adjustments are for routine reasons like leakages, while Abnormal adjustments are for exceptional circumstances like accidents or fires.
• Add the products and specify the quantity you want to decrease.
• If applicable, enter the total amount recovered from damaged stock. This could include insurance claims or proceeds from selling scraps.
• The entered quantities for each product will be deducted from the available stock.

Monitoring Stock Adjustments:

• Access the details of your stock adjustments in the “Stock Adjustment Report” for a comprehensive overview.

Impact on Financial Reports:

• Stock Adjustment plays a crucial role in the Profit & Loss Report (P & L Report).
• The “Total Stock Adjustment” amount is deducted from the P & L Report, reflecting the financial impact of adjustments.
• Conversely, the “Total Stock Recovered” amount is added to the Profit & Loss Report, providing a transparent view of recovered value.

Efficiently manage your inventory, write off damaged stock, and maintain accurate financial records with VirtualRX’s Stock Adjustment feature. For any further assistance or inquiries, don’t hesitate to reach out to our dedicated support team. Streamline your stock control process and enhance your overall business management experience with VirtualRX.

Are you ready to restructure your pharmacy business? Kindly contact us by phone at 09124453515, via email at support@virtualrx.com.ng, or through WhatsApp at 09124453515.

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