Skip to Content
Odoo Menu
  • Sign in
  • Try it free
  • Apps
    Finance
    • Accounting
    • Invoicing
    • Expenses
    • Spreadsheet (BI)
    • Documents
    • Sign
    Sales
    • CRM
    • Sales
    • POS Shop
    • POS Restaurant
    • Subscriptions
    • Rental
    Websites
    • Website Builder
    • eCommerce
    • Blog
    • Forum
    • Live Chat
    • eLearning
    Supply Chain
    • Inventory
    • Manufacturing
    • PLM
    • Purchase
    • Maintenance
    • Quality
    Human Resources
    • Employees
    • Recruitment
    • Time Off
    • Appraisals
    • Referrals
    • Fleet
    Marketing
    • Social Marketing
    • Email Marketing
    • SMS Marketing
    • Events
    • Marketing Automation
    • Surveys
    Services
    • Project
    • Timesheets
    • Field Service
    • Helpdesk
    • Planning
    • Appointments
    Productivity
    • Discuss
    • Approvals
    • IoT
    • VoIP
    • Knowledge
    • WhatsApp
    Third party apps Odoo Studio Odoo Cloud Platform
  • Industries
    Retail
    • Book Store
    • Clothing Store
    • Furniture Store
    • Grocery Store
    • Hardware Store
    • Toy Store
    Food & Hospitality
    • Bar and Pub
    • Restaurant
    • Fast Food
    • Guest House
    • Beverage Distributor
    • Hotel
    Real Estate
    • Real Estate Agency
    • Architecture Firm
    • Construction
    • Estate Management
    • Gardening
    • Property Owner Association
    Consulting
    • Accounting Firm
    • Odoo Partner
    • Marketing Agency
    • Law firm
    • Talent Acquisition
    • Audit & Certification
    Manufacturing
    • Textile
    • Metal
    • Furnitures
    • Food
    • Brewery
    • Corporate Gifts
    Health & Fitness
    • Sports Club
    • Eyewear Store
    • Fitness Center
    • Wellness Practitioners
    • Pharmacy
    • Hair Salon
    Trades
    • Handyman
    • IT Hardware & Support
    • Solar Energy Systems
    • Shoe Maker
    • Cleaning Services
    • HVAC Services
    Others
    • Nonprofit Organization
    • Environmental Agency
    • Billboard Rental
    • Photography
    • Bike Leasing
    • Software Reseller
    Browse all Industries
  • Community
    Learn
    • Tutorials
    • Documentation
    • Certifications
    • Training
    • Blog
    • Podcast
    Empower Education
    • Education Program
    • Scale Up! Business Game
    • Visit Odoo
    Get the Software
    • Download
    • Compare Editions
    • Releases
    Collaborate
    • Github
    • Forum
    • Events
    • Translations
    • Become a Partner
    • Services for Partners
    • Register your Accounting Firm
    Get Services
    • Find a Partner
    • Find an Accountant
    • Meet an advisor
    • Implementation Services
    • Customer References
    • Support
    • Upgrades
    Github Youtube Twitter Linkedin Instagram Facebook Spotify
    +1 (650) 691-3277
    Get a demo
  • Pricing
  • Help

Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:

  • CRM
  • e-Commerce
  • Accounting
  • Inventory
  • PoS
  • Project
  • MRP
All apps
You need to be registered to interact with the community.
All Posts People Badges
Tags (View all)
odoo accounting v14 pos v15
About this forum
You need to be registered to interact with the community.
All Posts People Badges
Tags (View all)
odoo accounting v14 pos v15
About this forum
Help

How do Inventory Adjustments / Physical Inventory / Cycle Count changes work in Odoo 19?

Subscribe

Get notified when there's activity on this post

This question has been flagged
balanceinventoryvaluationquickstartphysicaladjustment19.0perpetual
1 Reply
743 Views
Avatar
Community Question

We want to use the new Perpetual (at invoicing) Inventory Valuation method in Odoo 19.

Since we are not aware of any Accounting document associated with an inventory adjustment we are wondering how changes to inventory counts will work.

Where will we be able to see which items were adjusted and when?

Do we need additional steps after applying the new counts before we see an updated Balance Sheet?

How detailed will the Accounting entry be when we apply the new counts?

0
Avatar
Discard
Avatar
Ray Carnes (ray)
Best Answer

Detailed records are kept about the impact of the quantity and value changes in the Inventory App, so you will be able to see which items were adjusted and when in the Inventory App.

Physical Inventory changes (Inventory Adjustments) in Odoo 19 update the Balance Sheet as soon as they are applied, there are no additional steps needed after applying the counts.

The Accounting Journal Entry representing the Inventory Adjustment has one Journal Item for each Product adjusted.



In this example we have purchased $1,655.00 worth of goods for our Toy Store on November 3rd.

Inventory --> Reporting --> Statement Reports --> Stock Report.


Accounting --> Reporting --> Balance Sheet.


Unfortunately, almost all the Puzzles are stolen, together with 5 dolls, an Action Figure and two Stuffed Giraffes on November 11th


We use the Inventory --> Operations --> Adjustments --> Physical Inventory Menu to sadly record the theft:


Immediately after applying the differences, we have updates on both reports.


Inventory --> Reporting --> Statement Reports --> Stock Report.


Accounting --> Reporting --> Balance Sheet.


Here, for each Product adjusted there is a Journal Item showing us the Product and the total inventory credit impact.


In addition, from the Inventory Stock report we can click into the Unit Cost of each Product to see the History of each Product, here we can see the 25 Action Figures we received on November 3rd at $2.50 a unit, then later the loss of one on November 11th, together with the lost value and the Total Value and Total Quantity remaining.


If we show all of these drill down lines on a single screen, we see a complete history of every change in quantity and value of our inventory over time.


Finally, the Moves History shows the quantity increases (green) and decreases (red) in terms of units.

3
Avatar
Discard
Enjoying the discussion? Don't just read, join in!

Create an account today to enjoy exclusive features and engage with our awesome community!

Sign up
Related Posts Replies Views Activity
What is the practical scenario in which these two accounts can be used together in Odoo 19?
accounting inventory valuation quickstart adjustment 19.0
Avatar
Avatar
Avatar
Avatar
3
Nov 25
321
What is the practical scenario in which these two accounts can be used together in Odoo 19?
accounting inventory valuation quickstart adjustment 19.0
Avatar
0
Nov 25
28
Odoo 19: How to investigate Stock Variation amounts from the Inventory Valuation report? Solved
balance inventory valuation quickstart drilldown review 19.0 v19 variation
Avatar
Avatar
1
Nov 25
612
Inventory adjustment at past date
inventory valuation adjustment
Avatar
Avatar
1
Mar 22
4748
I get a product output acct and category valuation acct error when posting initial inventory
inventory valuation physical
Avatar
0
Mar 15
3903
Community
  • Tutorials
  • Documentation
  • Forum
Open Source
  • Download
  • Github
  • Runbot
  • Translations
Services
  • Odoo.sh Hosting
  • Support
  • Upgrade
  • Custom Developments
  • Education
  • Find an Accountant
  • Find a Partner
  • Become a Partner
About us
  • Our company
  • Brand Assets
  • Contact us
  • Jobs
  • Events
  • Podcast
  • Blog
  • Customers
  • Legal • Privacy
  • Security
الْعَرَبيّة Català 简体中文 繁體中文 (台灣) Čeština Dansk Nederlands English Suomi Français Deutsch हिंदी Bahasa Indonesia Italiano 日本語 한국어 (KR) Lietuvių kalba Język polski Português (BR) română русский язык Slovenský jazyk slovenščina Español (América Latina) Español ภาษาไทย Türkçe українська Tiếng Việt

Odoo is a suite of open source business apps that cover all your company needs: CRM, eCommerce, accounting, inventory, point of sale, project management, etc.

Odoo's unique value proposition is to be at the same time very easy to use and fully integrated.

Website made with

Odoo Experience on YouTube

1. Use the live chat to ask your questions.
2. The operator answers within a few minutes.

Live support on Youtube
Watch now