purchase of inventory and stock adjustment

Hello there, @Adriana10.

I'm glad to know that you're using QuickBooks to help manage your business.

Yes, you're right about recording your purchase of items. Also, QuickBooks will automatically adjust your stock of items when creating a bill.

To adjust the stock quantity, you can follow the steps below:

1. Go to the +New button.
2. Click Stock Qty Adjustment.
3. Enter the Adjustment Date.
4. In the Stock adjustment account drop-down, choose the appropriate account.
5. Select the product.
6. For each item, enter either a new or a change in quantity.
7. In the Memo field, enter the details about the adjustment.
8. Click Save and close once done.

I've also added this ink to learn more about QuickBooks Online (QBO): Get started with QuickBooks.

Don't hold your back to drop a comment below if you have other questions. I'm more than happy to help. Take care!

When the purchase invoice is processed and the stock adjusted it puts the stock against stock shrinkage is this correct in total of cost of sales.

Hi Fran100 When you use a transaction to purchase items from your supplier it should be the stock asset account that is used. We'd be grateful if you can check what account you have selected within the product that you're using. Select the cog/gear icon > product and services > locate the item  and select edit > check what account you have selected in the Stock asset account field.

Thank you it is stock asset account

Also in the purchasing information I have cost of sale

Dear sir or madam

     I like your QB system very much and would like to ask a question about inventory adjustment.

     I will check my inventory regularly and find that the real inventory is less than what the QB balance sheet indicates. Maybe some inventories lost or someone forgot to record them properly in the system. So， how can I adjust the inventory in the QB to make it is as same as the real amount?

     I tried to +new button, but couldn’t find the Stock Qty Adjustment.  Could you help me? How will the adjustment influence my balance sheet and income statement?

Best regards

Don't worry, there's another option to adjust the inventory quantity in QuickBooks, @golden2010. And I'm happy to share the complete steps with you. 

I understand how important it is to have accurate numbers of your inventory. I'll make sure that your inventory quantity in QuickBooks Online will match your actual products. This way, you can supervise your sales accordingly. 

Proceed as follows: 

1. Go to the Sales tab, then choose Product and services.
2. Click the small drop-down arrow perpendicular to your inventory item. 
3. Select the Adjust quantity button. 
4. Modify the quantity and complete the necessary details. 
5. Hit Save and Close. 

After saving, QuickBooks Online automatically records appropriate adjustments to your stock Asset and Cost of Goods Sold (under stock Shrinkage) accounts. To access this, follow the steps below: 

1. Go to the Accounting tab and select Chart of Accounts. 
2. Type Stock Shrinkage in the search box. 
3. Click Run report and customize them to see specific details. 

Furthermore, visit this article below to learn how to see your best sellers, what’s on hand, the cost of goods, and edit previous adjustments: 

• Edit a stock quantity adjustment
• Use reports to see your sales and stock status

Drop a line below if you want to know more about the QuickBooks ropes or other processes. I'm happy to help you again. Keep safe, golden2010.