The value of the items can be calculated incorrectly when there are data problems on your databases. This will be an ongoing problem when working with minus stock levels. The system does not know which value to use for the stock that goes into a minus stock level, because according to the system the practice does not have any units of the stock item.
If the item price has a high increase or decrease in price the value can also be incorrect. The system calculated the value with the last 5 years transactions, depending on the set-up of the practice.
In certain cases, the units will be zero but still, have a value that must be corrected with a re-evaluation. This will happen when the item prices have big differences, the weighted average must be corrected. The Force Zero Value if Qty zero function will show all the items that have a value but with no quantities, and will adjust the value when this is posted.
The re-evaluation will be done with a stock adjustment using the Stock Adjustment List function. The function has a build-in re-evaluation with Last Purchase price, Unit price or List Price and at hospitals to NAP price.
When mistakes were made in the system and not rectified with the correct transactions, the stock value will need to be reset. This is not an everyday function that can be used and should only be used at the last resort. GoodX can be contacted to assist in this process. The weighted average will be reset and re-calculated according to the Last purchase price, unit price or list price and at hospitals to NAP price.
Web App:
Shortcut: N/A
Roadmap: N/A
User manual link: N/A
Desktop App:
Shortcut: N/A
Roadmap: Mod Stock > S Stock > M Corrections > SM Bulk Revaluation Process > S Specify financial period > B OK > Select the correct Stock Adjustment and Code > B OK > S Bulk Stock Revaluation - all items.