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April 2, 2024
Question

Can you help me in how to issue the invontory or how to reduce the quantatity in hand items in product aand services

  • April 2, 2024
  • 1 reply
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i need to issue the inventory or reduce the quantity in hand of proudct and services

1 reply

April 2, 2024

I have all the information needed to reduce the quantity on hand of products and services in QuickBooks Online, z-shahidshaik.

 

You can adjust an item's quantity to match your stock by creating an inventory quantity adjustment. I'll guide you through the steps.

 

  1. Click on the + New button and select Inventory qty adjustment (Note: If you want to adjust multiple items’ quantities, select Batch actions in Products and services.)
  2. Enter the Adjustment date.
  3. In the Inventory adjustment account drop-down, choose the appropriate account (Note: The description and current quantity on hand auto-populate).
  4. For each item, input either a new quantity or a change in quantity.
  5. Provide additional details about the adjustment in the Memo field.
  6. Select Save and close to save the changes.

 

QuickBooks Online automatically adjusts your Inventory Asset and Cost of Goods Sold accounts when inventory is saved.

 

In addition, you can check this article to help track your inventory status and performance: Use reports to see your sales and inventory status.

 

If you have any questions about inventory, post them in the comment below. I'll be glad to lend a hand.