Making Volume Adjustments on a Tank
Sometimes it may be necessary to make adjustments to a particular batch volume due to spoilage, loss, or sales. To do this, you first need to navigate to the dashboard and find the tank you want to record a volume adjustment for.
- Click on the name of the tank and choose "Update Volume"
- Fill in your Transaction Date and the new Volume in the tank.
- Optionally, add any notes you want to attach to this transaction.
- Removal of Beer will need to be tracked as the following:
- Normal: Tracked as beer removed for consumption on TTB
- Loss: Tracked as loss for tax purposes (for unintended wastage)
- Destroyed On-Premises: Beer that is intentionally destroyed from any of the above listed processes before it is sold.
- Click on "Save" to complete the transaction and update the volume remaining in the tank.
Integrated with Quickbooks Online? Here is how adjusting tank volumes will affect your accounting:
Marking adjusted volume as Normal: This will credit your mapped WIP account and debit your mapped Cost of Goods Sold account.
Marking adjusted volume as Loss: No change occurs in Quickbooks. The cost per BBL is increased but your WIP asset will stay the same.
Marking as Destroyed on Premises: Credit: This will credit your mapped WIP account and debit your mapped Inventory Adjustment account.
Marking adjusted volume as Dump Remaining: This will credit your mapped WIP account and debit your mapped Inventory Adjustment account.