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Handle damaged goods

Some damaged goods (also called fallouts) are returned to the vendor for replacement or credit. In other cases, it might not be worth the time or effort to return the goods. For example, if you purchased 2-cent screws, you might not want to return a handful of screws to the vendor for credit. The freight to return them would cost more than the credit.

When you discard damaged goods, you can track them in the QuickBooks Damaged Goods log. To keep the inventory quantities for the item correct, adjust inventory when you discard an item.

To do this task

  1. Go to the Mfg & Whsle menu, click Inventory Activities, and then click Damaged Goods Log.

  2. Enter information about the damaged items into the Damaged Goods log. You can fill in the log once a day or as things are determined to be damaged throughout the day.

  3. Create an item adjustment for the faulty items that were discarded.

    Important: Make sure that you record all item adjustments before every inventory count.

  4. Use the Inventory Adjustment account to make adjustments. This is typically a Cost of Goods Sold account or an Expense account.

KB ID# H_MWD_DAMAGED_GOODS
9/18/2014 10:47:54 PM
PPRDQSSWS407 9102 Pro 2013 c16060