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Dianna101
January 12, 2023
Question

Adjusting Inventory

  • January 12, 2023
  • 1 reply
  • 0 views

We recently started using quickbooks, and have our annual inventory count coming up. I'm wondering how we would add in the inventory that we purchased before we started quickbooks and still have on location at the time of the count? I assume we adjust the inventory to increase the inventory amount, but I'm wondering what the other adjustment account should be so that we don't mess up our books?

1 reply

A
Amanda-B
January 12, 2023

Hey there Dianna101,

 

Thanks for reaching out to us here. QuickBooks is a great software that helps keep your books balanced. It's important that you're able to add inventory correctly. I can provide some information.

 

This helpful guide will show you how to adjust inventory in QuickBooks. If you feel this isn't what you need, you may need to use a 3rd party app for inventory management. You can find QuickBooks Desktop apps by clicking on here. If you require further assistance, I recommend reaching out to the support team outside of the Community. They'll be able to verify your account details in a secure setting, as well as, view your screen to better assist you.  You can reach them by following the method in this link.

 

If you have any other questions, feel free to reach out to us here.

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