I appreciate your posting here in the Community, @Bender_1227. Let me share some tips and guidance on writing off an inventory.
We can record this as a promotional sample that has no value. First, we can create an expense to track. Here's how:
- Go to the Gear icon, then under the Your Company section, click on Charts of Accounts.
- Select New, and from the Account Type dropdown, select Expenses.
- On the Detail type dropdown, choose Advertising/Promotional.
- Enter the name you prefer.
- Hit Save and Close.
You can follow the next step in creating an invoice for the item on this link: Write off inventory items given as promotional samples in QuickBooks Online.
If you are using QuickBooks Desktop and need to adjust your inventory quantity, detailed instructions can be found by following the link.
Moreover, visit these articles to learn more about running a report:
If you have any additional concerns regarding your inventory, please don't hesitate to reach out. We are available 24/7 to assist you.
