Hi there. I'm here to guide you through correcting your QuickBooks Desktop inventory
It's possible that your inventory adjustment also altered the item value, leading to changes in ingredient or component costs as well as net income.
To address this, I recommend deleting the initial adjustment and then making the necessary corrections to rectify your item status. Here's how:
- Go to the Edit menu.
- Click Delete Inventory Adjustment.
Once completed, proceed with adjusting your inventory again. To ensure the accuracy of your adjustments, it's advisable to seek guidance from an accountant. Their expertise can assist in handling the adjustments effectively while minimizing any impact on your financials.
In addition, you can take a look at your inventory status reports to make sure everything looks good:
- Select Reports and then Inventory.
- To check your product’s value, select the Inventory Valuation Summary. To check your product’s quantity, select the Inventory Stock Status by Item.
- Look for the items you adjusted and make sure everything is correct.
Additionally, you can refer to this article for insights into adjusting your finished goods inventory without affecting component stock: Adjust your inventory of finished goods.
Feel free to use the Reply button below if you have further questions or details to add about adjusting your inventory. I'm here to assist you, Cuprem. Have a great day!
