Uploaded on Sep 3, 2021
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.
Make, edit, and delete inventory adjustments in QuickBooks
How to make, edit,
and delete
inventory
adjustments in
QuickBooks?
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.
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 QuickBook
s
.
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”
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
How to delete an Inventory Adjustment in QuickBo
oks?
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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