How to Adjust Inventory in QuickBooks

Adjusting inventory in QuickBooks can be done in a few simple steps. Here's how:

1. Log in to your QuickBooks account and navigate to the "Products and Services" page.

2. Locate the product or item that you want to adjust and click on it.

3. Click on the "Edit" button and then select "Adjust quantity on hand".

4. Enter the new quantity of the item you want to adjust. You can also add a memo or note to describe the reason for the adjustment.

5. Choose the appropriate account for the adjustment. This could be an expense account or a different inventory account, depending on the nature of the adjustment.

6. Click on "Save and Close" to complete the inventory adjustment.

If you need to adjust the inventory value, you can use the "Inventory Valuation Summary" report to see the current inventory value and then make the necessary adjustments to the product or item.

It's important to keep accurate inventory records to help you track your business's performance and avoid any potential errors. QuickBooks makes it easy to manage inventory adjustments and keep your records up to date.