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In this article, you will learn how to manage unsold inventory by creating a dedicated payment method, carrier, and customer for expired items, also known as dumping inventory.

Use this method of removing expired inventory to keep track of unsold products in Komet Analytics.

Table of Contents

Step one: Create a new payment method

  1. Go to Setup and select Settings.

  2. Click on Payment Methods located in the Account Receivables group.

  3. Click on Add a new payment method.

  4. Name it Expired Inventory and click Save.

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Step two: Create a new Customer

  1. Go to Setup and select Customers.

  2. Click on Add Customer.

  3. Name it Dump Account.

  4. Select Expired Inventory as a payment method.

  5. Enable Landed cost as price in the Advanced settings.

  6. Click Save to enable the new Customer.

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Step three: Create a Carrier

  1. Go to Setup and select Carriers.

  2. Click on Add Carrier.

  3. Name it Expired Inventory.

  4. Add EXP as the Carrier Code.

  5. Click Save.

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Step four: Sell the Expired Inventory to this Customer

  1. Go to Order Entry and select Add Order.

  2. Select Expired Inventory as a Customer.

  3. Select Expired Inventory as a Carrier.

  4. Click on Add Items.

  5. Add the products you are removing from the Inventory.

  6. Click on Confirm to submit the Order.

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