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In warehousing, Inventory Write Offs are created to register the absence of goods that are not available anymore in the warehouse (as it was revealed during the stocktaking process). It could happen by any of the following reasons: the goods were stolen, lost, damaged or have past expiration dates. You can write off the specified quantities of the items with corresponding current costs or only some amounts off the costs if the items' market valuebecome value became lower than their cost. 

For details on cost calculation refer to Inventory Valuation.

The Inventory Write Offs list

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If you don't see a specific document, rearrange the list by date or document number. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.

To account for the inventory items that were damaged or lost since they were received, you can create an Inventory Write Off manually or generate it on the basis of an Inventory Reconciliation.

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See also

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