How To Perform QuickBooks Inventory Adjustment? Explained

QuickBooks inventory adjustment is an essential task that you may need to perform for the inventory quantities and/or costs. QuickBooks Desktop updates inventory quantities with every sale or purchase. However, to keep your inventory status accurate in QuickBooks, you may need to adjust inventory values in QuickBooks manually. If you are not sure, how to get it done, follow this blog until the end to understand how to create the inventory adjustments.

QuickBooks Inventory Adjustment

Having trouble in QuickBooks inventory adjustment? Dial our QuickBooks error support number and learn what type of adjustment you need and how to create it.

Decide What Kind Of Adjustment You Need 

Before getting started with the inventory adjustment, you need to understand what kind of adjustment you need, in the first place. If you have broken an item or an item count is fewer or more, in this condition, you need to adjust the quantity in hand. On the other hand, seasonal demand or spoilage can affect the product’s total value. In this situation, you will need to adjust the total value or QuickBooks inventory adjustment for the cost of goods sold.

How To Perform Inventory Adjustment In QuickBooks?

Perform the process in the below-given steps to adjust inventory in QuickBooks:

Solution 1: Inventory Quantity Adjustment Using Plus Icon In QBO

This method can be accomplished by following the below-given steps carefully:

  • Launch QBO and click the Plus (+) in Toolbar.
  • Now from under the Others section hit Inventory Qty Adjustment
  • Next, enter the Adjustment Date and select the right account from the Inventory Adjustment Account drop-down list
  • From the Product drop-down list choose the product for which you want to make the changes
  • Now insert the needed changes for the quantities in hand
  • Confirm to enter the information related to the changes in the Memo field.
  • Click Save to finish the task

Solution 2: Using Gear Icon For QuickBooks Inventory Adjustment Account

Using the gear icon is another method to perform the QuickBooks inventory adjustment task. Follow the below-given steps for the same:
  • Go to the Toolbar section, hit the Gear icon and then click Product and Services
  • Now select the item for which you want to make the adjustments
  • Next, from Action Column, you need to click Batch Actions and then Adjust Quantity
  • If required, change the date on the Inventory Quantity Adjustment window
  • Choose the right account from the QuickBooks Inventory Adjustment Account drop-down list.
  • Provide the right quantity for the item from the item list.
  • In the Memo field, give a note for the change
  • Click Save and Close to accomplish the task

Finally, you can check if the inventory status is correct after making the inventory adjustments in QuickBooks. If you want to check your product’s value, select the Inventory Valuation Summary from the Reports. Contrarily, to check your product’s quantity, select the Inventory Stock Status by Item.

Having Trouble With QuickBooks Inventory Adjustment Journal Entry!

If you face trouble in performing the steps described in this post, dial our QuickBooks error customer support number for stress-free QuickBooks Inventory adjustment

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