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Inventory Adjustment
Hi Everyone,
We run a small skin care production business. We take raw materials and produce lotions, soaps, lip balms, etc. I want to adjust the quantity of raw materials and finished goods we have. When I do that it wants me to select either a income or expense account, which in my mind it is really neither. I selected inventory asset because I am neither buying nor losing materials just adjusting the amount. Is that alright to do or will it cause problems down the road? Thanks
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