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I'm here to share info about inventory shrinkage in QuickBooks Online, @usertheproteinlabmal.
Inventory Shrinkage is an account automatically created by QuickBooks Online once you adjust the quantity on hand on your inventory product. This is one of the pre-created accounts that is used to record all the adjustments or changes made.
If you want to use a different account when creating adjustment, just click the drop-down arrow under the Inventory adjustment account and select the correct account.
You may check out this article for additional information with creating inventory adjustments: Adjust inventory quantity on hand.
To learn more about setting up and tracking your inventory, you may visit our Inventory tracking page. This also includes steps on how to add inventory products, restock inventory, and reports you can open to see your inventory status.
Please keep in touch if you have further questions about inventory shrinkage, @usertheproteinlabmal. I'm always here to assist you. Have a good day and keep safe.