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T
Tim302
March 22, 2022
Question

Inventory Shrinkage

  • March 22, 2022
  • 1 reply
  • 0 views

I have a lot of items that I sell in a kit form, so I sell a kit and I reduce items that make up the kit and increase the kit item.  I understand that the "difference" goes into inventory shinkage.  All good.

 

I want to know the values in $$ that are being adjusted.

 

When you are making the adjustment it gives you the product name SKU etc, but not the value.

 

When I look at the inventory shrinkage report, it does not give you the SKU or product name that you have just adjusted but gives you the value.

 

So how can I check the values of the adjustments to see if it is correct or way out.

 

Thanks, Tim

 

 

1 reply

L
LeizylM
March 22, 2022

Hi there, Tim302.

 

I'm here to make sure you'll be able to run a report that shows the value of the adjustment in QuickBooks Online. 

 

You can run the Inventory Valuation Detail report. This gives you the transactions for each inventory item, and how they affect quantity on hand, value, and cost.

 

Here's how:

 

  1. Click on Reports at the left pane,  then open the Inventory Valuation Detail report.
  2. Filter the dates from the Report period section.
  3. Tap on the Run report tab to refresh the page.

 

For more tips about running reports in QBO, you can open this link: Run reports in QuickBooks Online.

 

I'm also adding these articles for more resources about handling your inventory, you can check out these articles:

 

 

Fill me in if you have other questions about running reports in QuickBooks Online. I'll be around to assist you again. Keep safe!

T
Tim302Author
March 23, 2022

I found a way.  In the transaction report, click on the gear and then show more, then click on product service to add that to the report.  Then save as a custom report and you are good to go

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