How do you adjust inventory in QuickBooks?
How do you adjust inventory in QuickBooks?
If your business involves any type of inventory is the whether a huge amount of a just a few items, the inventory needs to be tracked. You or your bookkeeper can use QuickBooks for storing inventory information and also for adjusting inventory counts the values based on the current market. You most likely count in your inventory is a regular basis and any changes should be recorded in your financial records. You do not want to have to pay taxes on inventory that you should always take a regular count and the adjust your records as necessary. With the QuickBooks, it is a very simple process to make these adjustments.
Sometimes you may need to adjust Inventory quantities without recording a sale or purchase transaction.
- Choosethe Plus Icon > Inventory Quantity Adjustments.
- Enter theAdjustment Date
- EnterInventory Adjustment Account
- Optional, enter newDescription
- EnterNew QTY
- Optional, add additional products
- Optional, enterMemo
Hope this answer will be helpful for you. For more information about importing invoices into QuickBooks, dial our QuickBooks enterprise tech support phone number+1-855-441-4417.
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