====== Reduce the quantity of a Retail Item on Hand ======

Sometimes it is necessary to reduce the number items in stock for retail items. For example:

  * To correct a mistake made when receiving inventory.
  * To adjust the Quantity on Hand due to shrinkage.

===== To Reduce The Quantity On Hand For A Retail Item =====

  - Lookup the **Retail Account** you wish to add inventory to. Click the **Vendor List** button at the top of Liberty. \\ {{libertyreact:lib:newitem1783.png|NewItem1783.png}}
  - The **Vendor List** tab will show. Type the account information in the search field. Double click the account you want to open. \\ {{libertyreact:lib:newitem1782.png|NewItem1782.png}}
  - Once the account is open, there are two ways you can initiate the receiving of inventory process.
    * Highlight the item you need to receive inventory for and Select the **Receive Inv**. button on the left. \\ {{libertyreact:lib:newitem1781.png|NewItem1781.png}}
  - Find and double click the item you want to edit. \\ {{libertyreact:lib:newitem1780.png|NewItem1780.png}}
  - Once the item is opened, select the **Receive Inv**. button on the left. \\ {{libertyreact:lib:newitem1779.png|NewItem1779.png}} \\ The Receive Order dialog box will open. \\ {{libertyreact:lib:newitem1778.png|NewItem1778.png}}
  - Enter a **negative** number of items received in the **Quantity Received** field. Do this by clicking on the **downward pointing triangle** located at the right of the **Quantity Received**. \\ {{libertyreact:lib:newitem1777.png|NewItem1777.png}}
  - If appropriate and/or possible, enter the cost per item in the **Cost** field. \\ {{libertyreact:lib:newitem1776.png|NewItem1776.png}}
  - Change the date the items were (**not) received** if necessary. \\ {{libertyreact:lib:newitem1775.png|NewItem1775.png}}
  - Change the amount in the **Update Tag count** to field if necessary. \\ {{libertyreact:lib:newitem1774.png|NewItem1774.png}}
  - Press the **OK** button when done. \\ {{libertyreact:lib:newitem1773.png|NewItem1773.png}}
  - Verify the Quantity of items is not correct and that your Average **Cost** is correct. \\ {{libertyreact:lib:newitem1772.png|NewItem1772.png}}

Note: Last Received Date will update to the current date if a new date is not selected.

{{libertyreact:lib:newitem1771.png|NewItem1771.png}}
==== Next Article In Section ====

Click the following link to move to the next article in this section: \\ [[:inventorymanagement1:retailitems:addretailvariant|How To Add Retail Variants]]

==== Related Topics ====

[[inventorymanagement1:retailitems:reducequantity]]
[[inventorymanagement1:itementrywindow]]
[[inventorymanagement1:retailitems:editretailitems]]
[[inventorymanagement1:retailitems:receiveretailinv]]
[[inventorymanagement1:retailitems:addretailvariant]]
[[inventorymanagement1:retailitems:findvariant]]
[[listingmanager:shoprwshopify:retailvariant:retailistingonevariant]]
[[listingmanager:shoprwshopify:retailvariant:retaillistingtwovariant]]
[[inventorymanagement1:retailitems:addretailitems]]
[[inventorymanagement1:retailitems:copyretailitems]]
[[inventorymanagement1:retailitems:deleteretailitems]]