SALE EXTENDED 70% OFF QuickBooks for 3 months*   Ends 12/8

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

Reply to message

View discussion in a popup

Replying to:
FateCandylaneT
QuickBooks Team

Reply to message

Modifying quantity adjustments to your inventories can impact your overall accounting, phyc278.

 

When saving the changes made to your inventories, QuickBooks Online (QBO) automatically records appropriate adjustments to your Inventory Asset and Cost of Goods Sold (under Inventory Shrinkage) accounts.

 

Thus, deleting the inventory adjustment entries will affect discrepancies in your accounting data. If you're unsure about removing them, it's best to consult your accountant first.

 

Whenever you're ready, here's how to delete an inventory quantity adjustments:

 

  1. In your QBO account, go to the Search icon and select Advanced Transactions Search.
  2. From the Search Your Transactions page, find and select the Inventory Quantity Adjustment entry.
  3. Open the entry and review.
  4. Once verified, click Delete from the lower menu option. Then, choose Yes to confirm.

 

inventory adjustment.png

 

Additionally, if you want further guidance on ensuring your accounting workflows are accurately monitored, consider adding QuickBooks Expert Live Assisted to set up your business for success.

 

Moreover, if you notice any discrepancies when making adjustments, you can fix negative inventory issues to ensure you'll always have an accurate count.

 

Don't hold back if any questions arise when managing inventories in your account. Just leave a comment below, and our team will be around to assist you. Keep safe.

Need to get in touch?

Contact us