QuickBooks and Adjusting Inventory

There is a proper way to adjust inventory in QuickBooks. Watch this short video for more details!

To complete a QuickBooks inventory adjustment:

1. Select Vendors, Inventory Activities from the menu bar
2. Select Adjust Quantity/Value on Hand
3. Choose the proper Adjustment Type, Quantity, Total File, or Quantity and Total Value
4. The adjustment account should be an income or expense account (not the inventory asset account)
5. Then select your items and enter the New Quantity or Qty Difference

The value of your adjustment will be displayed in the lower right of the Adjustment dialog.

Additional details can be found in my QuickBooks Solutions Guide book.

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