Accounting For Expired Goods

Steveal3aneefSteveal3aneef Member Posts: 3

Hello there,
I wanna ask you guys how to do you create the entry for expired Goods so you can write them off from you inventory on wave apps


  • AlexLAlexL Administrator Posts: 1,794 admin

    Hey @Steveal3aneef , Wave's method of tracking inventory is somewhat of a workaround with what's available in the software as we don't fully support inventory tracking. For this reason, adding expired goods isn't supported either.

  • MikegMikeg Member Posts: 772 ✭✭✭

    You would do journal entry to remove obsolete inventory. Debit Purchases and credit Inventory for the cost of the obsolete inventory.

Sign In or Register to comment.