https://community.squareup.com/t5/Archived-Discussions-Read-Only/What-is-the-effect-of-an-inventory-recount/m-p/144870#M27795 <P>I need to know how to reverse an inventory deduction. It is unclear to me what the result of a recount is so I am hesitant to do it until I know. Please explain!</P> <P>&nbsp;</P> <P>Situation: Say I have 10 of an item in stock. One item was deducted from inventory as "theft". This brings my available inventory down to 9 &amp; my COG report for "sales &amp; losses" calculates that one item as profit loss, thereby increasing my COG. Now I have found the item &amp; I want to add it back into inventory &amp; erase it as a calculated COG loss. If I do a recount of 10, it seems like my inventory would go up to 10 but an 11th non-existent item would STILL be recorded as a COG loss. This would make it look like I had more items, a higher COG, &amp; a greater inventory loss than I actually do. Obviously, I don't want this. This would be a huge problem if it happened with a large quantity of items.</P> <P>&nbsp;</P> <P>So, my questions:</P> <P>- How does an inventory recount impact your COG, inventory count, etc? Basically I want to know the full effect across my entire system. Does a recount automatically undo your last inventory adjustment, if there was one?</P> <P>- In my situation, what should I do so I can fix what was done &amp; what is the effect?</P> <P>&nbsp;</P> <P>Feel free to elaborate. Also, undoing an inventory action &amp; the option to chose what happened to inventory (like donation or in-store use) seems like a basic thing to add.&nbsp;</P> Fri, 20 Dec 2019 21:23:02 GMT GLG 2019-12-20T21:23:02Z https://community.squareup.com/t5/Archived-Discussions-Read-Only/What-is-the-effect-of-an-inventory-recount/m-p/144870#M27795 <P>I need to know how to reverse an inventory deduction. It is unclear to me what the result of a recount is so I am hesitant to do it until I know. Please explain!</P> <P>&nbsp;</P> <P>Situation: Say I have 10 of an item in stock. One item was deducted from inventory as "theft". This brings my available inventory down to 9 &amp; my COG report for "sales &amp; losses" calculates that one item as profit loss, thereby increasing my COG. Now I have found the item &amp; I want to add it back into inventory &amp; erase it as a calculated COG loss. If I do a recount of 10, it seems like my inventory would go up to 10 but an 11th non-existent item would STILL be recorded as a COG loss. This would make it look like I had more items, a higher COG, &amp; a greater inventory loss than I actually do. Obviously, I don't want this. This would be a huge problem if it happened with a large quantity of items.</P> <P>&nbsp;</P> <P>So, my questions:</P> <P>- How does an inventory recount impact your COG, inventory count, etc? Basically I want to know the full effect across my entire system. Does a recount automatically undo your last inventory adjustment, if there was one?</P> <P>- In my situation, what should I do so I can fix what was done &amp; what is the effect?</P> <P>&nbsp;</P> <P>Feel free to elaborate. Also, undoing an inventory action &amp; the option to chose what happened to inventory (like donation or in-store use) seems like a basic thing to add.&nbsp;</P> Fri, 20 Dec 2019 21:23:02 GMT https://community.squareup.com/t5/Archived-Discussions-Read-Only/What-is-the-effect-of-an-inventory-recount/m-p/144870#M27795 GLG 2019-12-20T21:23:02Z