Inventory can be written off when you want to formally recognize that it no longer has value. Write-offs typically happen when inventory becomes obsolete, damaged, or is otherwise unusable.
To write off inventory
- On the Inventory tab, click Manage Inventory. The Manage Inventory page opens.
- Click change location. The domain hierarchy window opens.
- Locate and click the location or sub location.
- Locate the item or kit and, in the Action column on that row, click Write off. The write off window opens.
- In the Write Off Quantity column, enter the number of items you want to write off.
- Click Save.