What is Miscellaneous Receipt/Issue?
Miscellaneous Receipt/Issue
The act of adding or removing inventory for reasons other than ordering, production, or shipment.
What it means
Inventory usually moves based on documents such as purchase order (receipt), work order (production), and order (shipment). Miscellaneous receipts and issues is the ability to manually add or remove inventory without such documentation. I use it when I receive a sample or when I throw away a damaged one.
It's as dangerous as it is convenient. There is no supporting documentation, so if you don't write down the reasons, no one can explain the numbers later.
At the pen factory
On the 9th day, Foreman Kim received 100 pieces of refill borrowed from a neighboring factory as miscellaneous receipt without any reason. There are not many 40 pieces that were returned later, so the book inventory does not match on the 14th day.
Why it matters
There has to be a way to record what actually happens. However, you must write down the reason and designate a person who can write it.
Related terms
- Stock ledgerBook inventory is organized by adding up what came in and what went out for each item during the period.
- Inventory adjustmentCorrecting the numbers in book inventory to match the actual items counted.
- Inventory transactionsOne line left over whenever inventory moves. It is the same as the transaction details in your bankbook.