Skip to main content
August 15, 2021
Question

When i adjust inventory starting value so i have to choose which account in inventory adjustment account?

  • August 15, 2021
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

August 15, 2021

Hello, khalid.mgtcc@gma. 

 

Thank you for reaching out to the Community. QuickBooks offers a versatile Products and Services feature which, is great for managing your items on the go. However, to select which account to use in inventory adjustment, I suggest consulting your accountant to help you with this to make sure your books are accurate. 

 

Here's how: 

  1. Click the + New button and select Inventory Qty Adjustment.
  2. Enter the Adjustment Date and the Inventory adjustment account.
  3. Select the Product and enter the new quantity.
  4. Press Save and close

For more information, here's an article that talks more about the inventory overview and its setup.   

 

Additionally, read through this article to learn more about creating items: Add inventory products in QuickBooks Online.   

 

It's my pleasure helping you and I'll be happy to assist you further, have a great day and stay safe!