"and/or the average cost calculated."
Why would you need to change this? The program is already managing this part.
"When I make an inventory
adjustment in the inventory module, QB defaults to an "inventory
adjustment" cost of goods account. It does this whether the change is
quantity or value. My question is, should the account adjusted actually
be to the inventory - asset account."
The function you are using is Already you, working IN the asset account, by reference to specific items.
"Maybe quantity as an inventory
asset account adjustment, and value as a cost of goods adjustment?"
Never consider those as separate. The Cost is associated to the items. They are the Same Item. The COGS entry will be the "changes" bucket for Value. You don't typically Change Average Cost, and that is why I asked about this as my first comment. This is already coming from your Actual Purchases.
"Any
ideas would be helpful."
You might adjust for Quantity due to damage, theft loss, etc. You might adjust qty AND value because you put back into stock something you previously removed, or created a new thing out of two other things (down $ = up $, for different item names).
Simply adjusting Average Cost is a rather odd task to be doing.
