Inventory Quantity Adjustment in QuickBooks Online Plus

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Liz has updated the article with her reply

Kelly - in reply to your comment, Liz has written a response which we 'added' to the article content at the bottom, because she wanted to include graphic illustrations not possible in our comments functionality. Please review the new materials Liz has submitted in regard to your inquiry.

Murph 292 days ago

Glitches?

I tried this last week, using the link on the "+" menu. When running financials afterward, my inventory balances were WAY off. With some digging, I realized that the process was not only adjusting the COGS value/cost of the inventory I was writing down, but was also recording the RETAIL value, against inventory and COGS. In addition, the retail value entry included another debit of inventory quantity, so my quantity was negative and my inventory balance was seriously negative. I had to reverse all of the adjustments and record the value adjustments via JE, until they get this figured out. Then I'll go back and record the quantity adjustments and reverse my JEs.

Kelly G 297 days ago

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