I do not keep track of stock on Solar, at the end of the year I give the stock fig to our accountant. We have just had to get rid of some waterlogger stock, should I make and adjustment in Solar (and how) or just give the fig to the accountant at year end.
Hi Tom,
To write off a stock loss in Solar Accounts you would create a new 'Stock Loss' expense account, then record a General Transaction from the Inventory asset account to the Stock Loss expense account. If you are not tracking the value of your stock in Solar Accounts you may find it simpler just to let your accountant handle it.
Regards,
