Hey there, Squibley.
You might want to double-check the adjustments you made. There are fundamentals that we need to review initially. First, evaluate whether the Inventory items in QuickBooks are set up properly such as inventory and non-inventory item type. The non-inventory type does not keep a perpetual count or an average cost.
Second, evaluate whether the total inventory value on the inventory valuation summary report agrees to the inventory amount reported on the Balance Sheet. Disagreement in these two numbers can be caused by several factors and lastly, review the Inventory Valuation Summary for negative quantities and inaccurate average costs.
For more information about adjusting inventories in QuickBooks Desktop, you can pull up the resources below for your reference:
I'd be happy to provide additional assistance if you still need help with adjusting your inventories. Just hit the reply button below for me to notify. Have a good one.
