Stock Write-Offs

0:01 All right, this video is how to do an inventory write off in India. So unlike a stock adjustment, a stock adjustment is where the inventory's just wrong.

0:12 It's, you know, we've got seven in stock, but we actually have six inventory write off is where we actually have the stock, but we can't sell it for some reason or another.

0:19 So that could be because it's gone best before, it could be that it was dropped and damaged. It could be that it's been recalled for numerous reasons, but it's, it's stock that we have, but we can't sell.

0:30 So what we wanna do is go inventory and we're gonna go into inventory right off, or you can go up here and go new inventory right off.

0:39 So what we wanna do is just choose the location. We only have the one we wanna choose expense account. It's always gonna be purchases.

0:46 And then right off, quite simply, we're gonna go in here and say aha. Freshwater gonna choose the one where the stock is, and we're gonna say how many was written off.

1:00 So in this case, say one, right? Or three, whatever it is. Simple as that. Put your number in and then go complete.

1:10 And that will write it off. And that's how you do an inventory right off.