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T
Totallockoutusa
April 15, 2021
Solved

Problems with inventory

  • April 15, 2021
  • 1 reply
  • 0 views

I need to make an adjustment to one of my inventory items.

 

When I check, it tells me 'quantity on hand' is -1, whereas the physical count is 5.

So I click 'Adjust Quantity' and it say 'Quantity on hand' is 5.

 

Why is contradictory information being given in two locations?

 

 

Best answer by MichelleBh

Thanks for the quick reply, @Totallockoutusa.

 

I appreciate you for reviewing the Stock Valuation Summary report in QuickBooks Online. I have other information that you'll need to review within your report. 

 

Here are two things you can check to ensure your inventory report is correct and accurate. 

 

  1. Some sales were incorrectly used which causes negative inventory. I'd recommend, double-checking the transaction one at a time. 
  2. Check how did the inventory flow if the restocking is correctly entered. 

 

You may always visit these articles about handling inventory reports, stocks, and other related topics. 

 

 

Let me know if you have further questions about your inventory report discrepancy. I'm happy to help you out again. Take care always. 

1 reply

G
GeorgiaC
April 15, 2021

Thanks for joining us here on the Community, Totallockoutusa

 

Please first run the 'Stock Valuation Summary' report as of the current date and check the quantity that shows here, this should match the quantity on hand showing within your product & service list - please get back to us below if there is a discrepancy between these two figures. 🙇‍♀️

T
TotallockoutusaAuthor
April 15, 2021

Thanks for your reply. The figures do not match.

MichelleBh
MichelleBhAnswer
April 16, 2021

Thanks for the quick reply, @Totallockoutusa.

 

I appreciate you for reviewing the Stock Valuation Summary report in QuickBooks Online. I have other information that you'll need to review within your report. 

 

Here are two things you can check to ensure your inventory report is correct and accurate. 

 

  1. Some sales were incorrectly used which causes negative inventory. I'd recommend, double-checking the transaction one at a time. 
  2. Check how did the inventory flow if the restocking is correctly entered. 

 

You may always visit these articles about handling inventory reports, stocks, and other related topics. 

 

 

Let me know if you have further questions about your inventory report discrepancy. I'm happy to help you out again. Take care always. 

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