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bookkeeper91
October 17, 2022
Question

Inventory Adjustments - does it have to be done monthly

  • October 17, 2022
  • 1 reply
  • 0 views

The company I work with uses QBO.  I have a question about inventory.  I am just finding out our accountant does inventory adjustments every month due to negative inventory on hand.  Sometimes negative inventory is a timing issue due to customers needing invoices before product arrives etc.  I know this can't happen at year end but monthly this shouldn't be a problem.  Due to this, we have no idea if our inventory is correct, I'm assuming it's not.  Is there a reason inventory needs to be adjusted monthly, maybe I'm not understanding? 

 

Also, since I can't print the adjustment entries (too much to fill a page) is there a report that I can print that will show me what has been adjusted so I can compare and try to figure out how to fix?

1 reply

J
JamesM4
October 17, 2022

Hi bookkeeper991,

 

Welcome to the QuickBooks Community. QuickBooks is designed to help you streamline your work using the powerful features offered in the program. I'll be glad to point you in the right direction so you're on the right track with your work. 

 

Based on what you've described, I see you benefiting more by contacting our support team outside of the Community. A specialist will be able to share your screen and help you get the resolution you need in a timely manner. Here are our contact details: 

  • Schedule a Callback or start a Chat: click (?)Help in the upper right in QuickBooks Online > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
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  • Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

Feel free to keep me posted on how you make out. I'll be one message away in case you need anything else.

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