Make, edit, and delete inventory adjustments in QuickBooks

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

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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

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