Hey there, @hello32.
Thanks for reaching out to the Community. The best method to record this would be to enter a Vendor Credit, then enter your Bill to receive the inventory and apply the credit to that Bill. I've included the steps below to have you entering this like a pro in no time.
That's it! I also recommend checking out the following resources for more information on receiving inventory in QuickBooks Online: Receive inventory
Let me know if you have any additional questions, I'll be here to help. Have a good one.
Thank you for following up on correcting the OBE account in QuickBooks Online.
Here's how to correct the opening balance:
When removing checking out of opening balance equity, you'll need to consult with an accountant about the process to ensure your books are accurate.
That should do it. If you have any more questions or concerns, don't hesitate to comment below. Have a good rest of your day!
Thanks for reaching back out, @hello32.
Adjusting the Opening Balance Equity can potentially change the amounts in QuickBooks and thus total a different amount on the tax return. If that's the case, you'd want to get in touch with your accountant to ensure this is handled smoothly, as they have the tools and resources to make sure you don't have any issues with this in the future.
If you need to find an accountant, you can check out our FindAProAdvisor site.
If you have any other questions at all, feel free to let me know. I'll be here to help you succeed.