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Level 1

stock adjustment qty

dear sir or Madam, i have a quesiton about stock 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 fiannly find "Inventory Quantity Adjustment" in Qb. 

i find that there are some items to choose in the "inventory adjustment account" ,including "change in inventory", "cost of sales", "inventory shrinkage", Other", etc. which one should I choose? "inventory shrinkage"?is there any other field or memos to record the real reasons?

if I choose "inventory shrinkage", how does it affect my balance sheet and income statement?


thanks a million


2 Comments 2

stock adjustment qty

Good day, golden2010.


I can help share some information about inventory adjustment in QuickBooks Online.


QuickBooks automatically creates the Inventory Shrinkage account when making inventory adjustments and uses this account to record all changes and adjustments. 


If you wish to use another account, I recommend reaching out to your accountant to guide you on a specific account to use. This ensures your books are updated.


To give you more insights about tracking inventories and the default accounts in QuickBooks Online, please visit these links:



I'll be right here to keep helping if you need more help with inventory management in QBO.

Level 1

stock adjustment qty

Select Suppliers and then Stock Activities. ...
Select Stock and then select Adjust Quantity/Value on Hand.
Select the Adjustment Type ▼ dropdown, then select Quantity, Total Value, or Quantity and Total Value. ...
Enter the Adjustment Date.

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