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how to correct stock quantity on hand

How to correct the stock quantity on hand if discrepancy is due to wrong quantity entered in invoice which is already closed?

2 Comments
QuickBooks Team

Re: how to correct stock quantity on hand

You can use the adjust quantity/value on Hand to correct the stock quantity, ba11.

 

Here are the steps:

  1. Click Inventory located at the top.
  2. Choose Adjust Quantity/Value on Hand.
  3. Choose Quantity from the Adjustment Type drop-down menu.
  4. Select the Date and the Adjustment Account.
  5. Under the Item column, choose the affected item.
  6. Enter the quantity adjustment under New Quantity or Qty Difference column.
  7. Click Save and Close.

You can also check this article for more information: Adjust inventory quantity or value.

 

Should you have any additional questions about inventory, please reach out to us. Thank you.

Not applicable

Re: how to correct stock quantity on hand

Thank you for the prompt advice. Noted can use "adjust qty /value on hand" to correct stock qty.

Won't the difference in stock qty value be  reflected as an expense off the P & L  if we adjust the stock on hand this way? As there is no actual physical loss of stock but  incorrect qty input in invoice, please help to advise if there are other options to correct the stock qty on hand without treating it as a loss ? 

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