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phyc278
January 15, 2025
Question

How to delete an Inventory Count in QBO?

  • January 15, 2025
  • 1 reply
  • 0 views

I tried the QBO feature "Inventory Count" (from Products & Services More dropdown) just to test it with a couple of products.  Now I want to delete it and backout what it did.  I'm unable to find a way to delete the Inventory Count nor remove the inventory adjustments it made to the products.

1 reply

F
FateCandylaneT
January 15, 2025

Modifying quantity adjustments to your inventories can impact your overall accounting, phyc278.

 

When saving the changes made to your inventories, QuickBooks Online (QBO) automatically records appropriate adjustments to your Inventory Asset and Cost of Goods Sold (under Inventory Shrinkage) accounts.

 

Thus, deleting the inventory adjustment entries will affect discrepancies in your accounting data. If you're unsure about removing them, it's best to consult your accountant first.

 

Whenever you're ready, here's how to delete an inventory quantity adjustments:

 

  1. In your QBO account, go to the Search icon and select Advanced Transactions Search.
  2. From the Search Your Transactions page, find and select the Inventory Quantity Adjustment entry.
  3. Open the entry and review.
  4. Once verified, click Delete from the lower menu option. Then, choose Yes to confirm.

 

 

Additionally, if you want further guidance on ensuring your accounting workflows are accurately monitored, consider adding QuickBooks Expert Live Assisted to set up your business for success.

 

Moreover, if you notice any discrepancies when making adjustments, you can fix negative inventory issues to ensure you'll always have an accurate count.

 

Don't hold back if any questions arise when managing inventories in your account. Just leave a comment below, and our team will be around to assist you. Keep safe.

P
phyc278Author
January 15, 2025

I'm aware how to remove a normal quantity adjustment, however adjustments made by the Inventory Count feature do not have a Delete button.  See the screen shot below.

 

R
RheaMaeH
January 16, 2025

Thank you for your follow-up question regarding the Inventory Count feature in QuickBooks Online (QBO). I appreciate you bringing this specific issue to our attention and providing a screenshot. Let me address your concern about removing this specific Inventory Count adjustment.

 

Currently, QBO doesn't provide a direct method to delete Inventory Count adjustments. Given the importance of this functionality, I encourage you to submit feedback to our product development team. Your insights are invaluable in shaping future improvements. Here's how:

 

  1. Go to the Gear Icon and select Feedback.
  2. Type in your comments or product suggestions.
  3. Select Next to submit.

 

As a workaround for the adjustments made by the Inventory Count, you can create a new inventory adjustment that offsets the changes.

 

  1. Create a new Inventory Count.
  2. Include the same products/items.
  3. Enter the quantities that were present before your test count was conducted.
  4. Submit this new count.

 

I also recommend consulting with your accountant to ensure that any adjustments are accurate and do not negatively impact your financial records.

 

If you encounter discrepancies while making adjustments, refer to this article: Fix negative inventory issues in QuickBooks Online. This helps ensure the overall integrity of your inventory management.

 

Thank you for your patience and for highlighting this issue. Your input is essential in helping us improve our services and product offerings. If you need assistance implementing this workaround or have further questions about the Inventory Count feature, please don't hesitate to reply below. We're dedicated to supporting you at every step, ensuring you get the most out of your QuickBooks experience.

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