I am running QBEnt Platinum Retail Edition with the advanced inventory module.

When I count my physical inventory at the end of the month I often need to make a change to the quantity on hand, and/or the average cost calculated.

When I make an inventory adjustment in the inventory module, QB defaults to an "inventory adjustment" cost of goods account. It does this whether the change is quantity or value. My question is, should the account adjusted actually be to the inventory - asset account. Maybe quantity as an inventory asset account adjustment, and value as a cost of goods adjustment? Any ideas would be helpful.

Thanks, Ellen