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info2024
April 30, 2024
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Can I set by default and inventory adjustment account? Currently it goes to inventory shrinkage.

  • April 30, 2024
  • 1 reply
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Original commenter did not share additional details
Best answer by GebelAlainaM

Hello there, @info2024.

 

Let me share information about your concern in managing a default account when making inventory adjustments in QuickBooks Online (QBO).

 

If you create an inventory adjustment in QuickBooks, the software will automatically create an Inventory Shrinkage account after saving the adjustment. This is a default account where all the adjustments or changes you've made are recorded.

 

If you want to select another default account for the adjustments, it's unavailable. However, you can manually select another appropriate account. Check out this article for more details about managing your inventory adjustments in QuickBooks: Adjust inventory quantity on hand in QuickBooks Online.

 

If you want to pull up inventory reports in QBO, visit this article for future reference: Use reports to see your sales and inventory status.

 

You can count me in if you have clarification or follow-up concerns in managing inventory adjustments in QuickBooks. Have a good one!

1 reply

G
GebelAlainaMAnswer
April 30, 2024

Hello there, @info2024.

 

Let me share information about your concern in managing a default account when making inventory adjustments in QuickBooks Online (QBO).

 

If you create an inventory adjustment in QuickBooks, the software will automatically create an Inventory Shrinkage account after saving the adjustment. This is a default account where all the adjustments or changes you've made are recorded.

 

If you want to select another default account for the adjustments, it's unavailable. However, you can manually select another appropriate account. Check out this article for more details about managing your inventory adjustments in QuickBooks: Adjust inventory quantity on hand in QuickBooks Online.

 

If you want to pull up inventory reports in QBO, visit this article for future reference: Use reports to see your sales and inventory status.

 

You can count me in if you have clarification or follow-up concerns in managing inventory adjustments in QuickBooks. Have a good one!

I
info2024Author
April 30, 2024

Thank you. I have been manually adjusting the account. I was hoping to set it for what I want to use. This would be a good update for the software in the future.

    J
    jeanbiverly_
    April 30, 2024

    We hear your sentiments, @info2024.

     

    We understand that having the option to set another default account for inventory adjustments can help simplify your workflow. However, this feature is currently unavailable in QuickBooks Online (QBO).

     

    To help improve your experience with QBO, you can share your valuable feedback with us. This will be sent directly to our product development team for review and consideration.

     

    Here's how:

     

    1. Log in to your QBO company.
    2. Go to the Gear icon and select Feedback.
    3. Enter your comments and suggestions.
    4. Finally, click Next to submit.

     

    Additionally, inventory tracking can have specific impacts on your Balance Sheet and Profit & Loss reports. For more information on this, you can refer to this article: Impacts of inventory tracking on the Balance Sheet and Profit & Loss reports in QuickBooks Online. 

     

    Should you have any other concerns besides selecting another default account for inventory adjustment, feel at ease to post them here in the Community. Our team is always available to assist. Have a great day!

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