How do i Correct stock value, i am using Stock asset account for all stock purchases.

Hello accounts121,

Before we make any corrections on your stock value, make sure we understand how Stock Assets work in QuickBooks Online. You can click this link for details. It may be the case that an adjustment is not the right action to take.

We also need to know how the stock assets impact our financial reports. I'd suggest reviewing your stock reports.

You have the option in Quickbooks of adjusting  stock quantity on hand if needed:

1. Click the Create (+) menu at the top and select Stock Qty Adjustment.
2. Enter the Adjustment date.
3. Enter the stock asset account in the Stock adjustment account field.
4. Select the affected items and enter their new quantity.
5. Enter details in the Memo field if necessary.
6. Click Save.

I'd also recommend reaching out to your accountant about this matter. They can give you additional information in correcting your stock value.

We'll be around if you need anything else.