I have an item that was purchased and place in inventory last year. It isn't selling and so we have decided to utilize it ourselves. I need to move this to Fixed Assets. I can GL the inventory $ amount from Inventory asset to the actual Fixed Asset Account but that still leaves the item on hand in inventory. If I adjust inventory to remove the item from inventory, then I don't have an offset GL account to get the value onto the fixed asset account. Any help would be greatly appreciated. I'm probably overthinking this.
... View more