Adjust stock quantity on hand in QuickBooks Online

SOLVEDby QuickBooksQuickBooks Online6Updated 3 days ago

Learn more about stock quantity in QuickBooks Online

Sometimes you might discover that you have either more or fewer of an item than QuickBooks shows. If you track stock in QuickBooks Online Plus , you can manually adjust an item's quantity without recording a purchase or sale, to match what you actually have in stock.

Enter an stock quantity adjustment

  1. Select + New.
  2. SelectStock Qty Adjustment.
  3. Enter the Adjustment Date.
  4. In the Stock adjustment account drop-down, select the appropriate account.
  5. Select the products in the Product field. Note: The description and current quantity on hand auto-populate.
  6. For each item, enter either a new quantity or a change in quantity.
  7. In the Memo field, enter the details about the adjustment.
  8. When you're done, select Save and close.
Note: When you save the stock adjustment, QuickBooks Online automatically records appropriate adjustments to your stock Asset and Cost of Goods Sold (under stock Shrinkage) accounts.

Edit or delete an stock quantity adjustment

Important: Be very careful editing stock adjustment entries. This can greatly impact your accounting. If you're not sure if you should do this, reach out to your accountant.
  1. Select the Search icon on toolbar.
  2. Select Advanced search.
  3. In the Stock adjustment account drop-down, select the appropriate account.
  4. From the All Transactions drop-down, select Stock Quantity Adjustment.
  5. Select Search.
  6. From the search results, select the adjustment you need to edit or delete.

This opens the stock quantity adjustment. You can add new adjustments or edit previous adjustments. If you need to delete the entireinventory quantity adjustment, select Delete.

Was this helpful?

You must sign in to vote, reply, or post
QuickBooks Online

Sign in for the best experience

Ask questions, get answers, and join our large community of QuickBooks users.

Sign In / Sign Up

More like this