Shrinkage

Sep 22, 2005 3 Replies
T

Hi,



How does inventory shrinkage get reflected in RMS after performing a physical inventory? How does it post it as a loss? Does it just credit the COGS account (doesn't make much sense).



Anybody have had to deal with this before?



Thanks


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T

Thanks Ozzie. Shrinkage falls squarely within the inventory management realm. So it's a little hard for me to imagine that you'd have do manual journal entries in the accounting end to reflect shrinkage, in a modern system like RMS.

But I'm not finding anything, so you may be right!

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