Make, edit, and delete inventory adjustments in QuickBooks

1. How to make, edit, and delete inventory adjustments in QuickBooks?

2. The QuickBooks accounting software comes with an inventory management feature that allows you to track and maintain your inventory. In simple terms, an inventory is nothing but just a list of items that you wish to sell for your business or to use for the manufacturing of the products you want to sell in the future. QuickBooks Inventory includes exclusive details in form of checklists, statements, registers, and directories. It also helps in operating and maintaining business demands for inventories as well as in the purchase and sales decisions as well as other analyses. And, last but not the least, it saves time and costs that would otherwise be required in manual management of such inventories.

3. That being said, there are certain times that you, as the company owner or the company accountant, may wish to make some adjustments or edit the inventory. Most of the time this happens when there is an error in the inventory balance as reflected by the QuickBooks software. In some cases, you may even want to delete an inventory adjustment entry. In this post, we show you how to make a new Inventory adjustment entry, edit an existing entry, and delete an incorrect inventory adjustment in QuickBooks.

4. How to make a new Inventory Adjustment Entry in QuickBooks? • To make a new Inventory Adjustment Entry in QuickBooks, you need to: • Click on the “+” icon and select “Inventory Quality Adjustment” • Type the adjustment date and key in the inventory adjustment amount • Choose the product and click on it to see the product details as well as availability • Finally, enter the new description, quantity, additional products (if you need), and the memo before clicking in “Save”

5. How to edit an Inventory Adjustment in QuickBooks? • To edit an existing inventory adjustment in QuickBooks, you should: • Find the inventory adjustment you wish to edit by looking it up. To search for the inventory adjustment, you need to click “new” and select inventory. Scroll through the list and select the inventory items you plan to edit • Click on “Find” and look for the “Advanced” tab • From the “All transactions” dropdown, choose the inventory quantity adjustment • Lastly, click “edit” to make the required changes

6. How to delete an Inventory Adjustment in QuickBooks? • Deleting an Inventory Adjustment in QuickBooks is a simple task but if you are new to the software, follow the below-mentioned procedure: • Open the QuickBooks software and log in using your credentials • Click “New” and select Inventory. • Go through the list showing under Inventory and select the one you wish to delete • Now, select “Quick Reports” and click on “All” • Next, set a date a range • Finally, right-click on the item that shows next to the product and select “delete”

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