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Diane-CCD's avatar
Diane-CCD
Member
1 month ago

Closure of Shop and need to write off stock

We are closing the shop side of our business and would like any advice on how to correctly write off the small amount of stock that we have left.

What implications (if any) apply to writing off stock.

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1 Reply

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    1 month ago

    Hi Diane-CCD,

    Thanks for your detailed input. The usual way to write off leftover stock is via an inventory adjustment to bring each item’s quantity and value down to zero. Please see this help page for detailed information and guidance: Making inventory adjustments


    Regards,
    Earl

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