Contract Adjustments

Contract adjustments are used to increase or decrease purchase contract quantities. The purchase contract must be in open status and posted for the adjustment to be made to the contract.

  1. In the Purchase Contract Adjustment index, click to create an adjustment.
  2. Enter the date for the adjustment to be entered.
  3. Click the drop-down to select Debit or Credit. The debit adjustment increases the quantity available on the contract inventory. The credit adjustment will reduce the quantity available on the contract inventory.
  4. In the Purchase Contracts Inventory, select the contract that need to be adjusted.
  5. Click OK to create the transaction line.

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  6. In the Purchase Contract Adjustments screen, enter the number of vendor units to be adjusted in the Adjustment Vendor Units.  
  7. Save and close the Purchase Contract Adjustment screen.
  8. From the Purchase Contract Adjustment index, select the adjustment transaction and right-click to select Post.
  9. The contract quantity inventory will be adjusted based on the Trans Code and the vendor units.