How to manage Stolen Items in ERPNext?

ERPNext
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1

There was a scenario during material transfer, the material was stolen.
How do i manage this in the system.
Kindly Help, Thank You

2

Hi @Gubbu77

1. Create a New Stock Entry for Material Loss

  • Choose the Purpose as Material Issue.
  • In the From Warehouse, select the warehouse from which the materials were being transferred.
  • Add the stolen items in the Items table, specifying the quantities that were lost.
  • In the Expense Account, select the appropriate loss account, such as Loss of Goods Due to Theft or any other relevant expense account created for such cases.

2. Adjust Inventory

  • The stock levels will be updated in the system to reflect the stolen items as removed from inventory, and this adjustment will also hit the loss expense account.
3

Thank You