Unable to remove the last inventory items

SUGGESTED

Hi,

I'm trying to remove the last 2 items of a inventory stock item. When I try to post, I get this message "The full value of stock must be credited when all stock is being removed."

In the Inventory Adjustments & Transfers moduel, I didn't change the amount under the Unit Cost ( $ 20.79) or Amount ($ - 41.58) columns. 

In the Inventory & Services module for this item, the Quantity shows 2 and Total Value is $ 41.58. 

Any advise? 

Thanks

  • 0
    SUGGESTED

    Hi  ,

    Thanks for reaching out. If you're still having trouble removing the last two items from your inventory, here are some steps you can try:

    1. Ensure the Full Value is Credited: The message “The full value of stock must be credited when all stock is being removed” indicates that the inventory value needs to be fully adjusted before you can remove the items. Check the Unit Cost and Amount fields to ensure they correctly reflect the total value of the stock being adjusted.

    2. Adjust Inventory Values Manually:

      • Go to Inventory Adjustments & Transfers.
      • Make sure the Unit Cost is correct based on the inventory quantity. For example, if you have 2 items and each is valued at $20.79, the total should be $41.58.
      • Ensure the Amount field reflects this correctly; it should match the negative of the inventory value being removed.
    3. Follow the Detailed Steps: For more guidance on resolving this, you can refer to this detailed guide on adjusting inventory transactions: Adjust Inventory Transactions.

    4. Completely Remove Inventory Items: If your goal is to completely remove the inventory item from your system, check out these additional resources:

    If you need further assistance, please let us know, and we can help guide you through the process!

    Warm Regards,
    Erzsi

    If this helps please mark it as verified :)

  • 0 in reply to Erzsi_I

    Thank you, but still having the same problem. Thanks

    Inventory.pdf

  • 0

    I don't know if it will help in this case, but I've found that inventory problems can sometimes be solved by first increasing the amount or $ value of the inventory (using inventory adjustments), then recording the transactions to zero the inventory, and then doing a general journal entry to tidy up anything that got loused up the inventory adjustment.

    For example, you could try using inventory adjustment to increase the $ value of inventory by $0.42 to $42.00 ($21/unit), then remove the last 2 units, and then (if you figure it's worth it) do an adjusting entry to reverse the journal entry created by the $0.42 inventory adjustment.