https://www.quickbooksupport.net/
Quickbooks Support

Call QuickBooks Desktop Support and know how to adjust quantity and total value of products in QuickBooks Desktop

admin Comments(135)

In this article you will learn how to adjust the quantity or total value of your products in QuickBooks Desktop. To know more, contact QuickBooks Desktop Support.

As you track every purchase and sale, QuickBooks Desktop updates inventory quantities and value. To keep your inventory status in QuickBooks accurate, you might need to record an adjustment every now and then.

Do not fret, if you’re unsure how to do this. We are there to help you in learning what kind of adjustment you require and how you can create it.

Please Note: You can use this method if you don’t have to return an assembly’s parts to your inventory and just need to adjust your stock of finished goods. Find below what you can do, if you need to “un-build” any assembly item and return components to inventory.

Step 1: Firstly, you need to decide on what kind of adjustment you need

When should you adjust the quantity on hand QOH.

From time to time, adjusting a product’s quantity is normal. Any kind of decrease or increase in product quantity that does not because of a sale or purchase can be tracked tis way. For instance, after doing an inventory count you find fewer or more of an it or when it breaks.

When should you adjust the total value?

The average cost of the product multiplied by its quantity in stock is the total value of the product. This value can be affected by things like seasonal demand or spoilage.

Pro-Tip: Before you adjust inventory value, it’s best to reach out to your accountant for advice. We can help find one near you if you don’t have an accountant.

Step 2: Setting up your inventory adjustment account

  • To track your adjustments, create a separate account in your chart of accounts.
  • Click on Company and then select Chart of Accounts.
  • Click on the Account dropdown, and then select New.
  • Select Cost of Goods Sold from the Other Account Types dropdown.
  • Give a name to this account “Inventory Adjustments”, and then click on Save and Close.

Step 3: Adjusting your inventory

  • You can adjust a product’s quantity, value, or both once you set up your adjustment account. Find the steps below.
  • Click on Vendors and then select Inventory Activities. Now, select Adjust Quantity/Value on Hand.
  • From the Adjustment Type dropdown, click on the following: Quantity, Total Value, or Quantity and Total Value. Choose the adjustment type option and then click on your adjustment account.
  • Enter the date of Adjustment.
  • From the Adjust Account dropdown select the adjustment account you set up.
  • Now, you need to add Reference No. and can assign a customer, job, or class.
  • Click on Find & Select Items. Choose the items that you wish to adjust. Search for any product in the Find field if you have a lot.
  • Click on Add Selected items.
  • For each item, add a new quantity or new value (or both). Pro-Tip: While recording a quantity adjustment, it helps to check the quantity difference. If you’re recording a decrease in quantity the difference should be negative. It should be positive if you’re recording an increase.
  • Click on Save and Close.

Step 4: Ensure that your inventory status is now correct

  • You need to now take a look at your inventory status reports and ensure that everything looks good.
  • Click on Reports and then select Inventory.
  • Select the Inventory Valuation Summary to check your product’s value. Select the Inventory Stock Status by Item to check your product’s quantity.
  • Now, take a look at the items you have adjusted and ensure that everything is correct.

To know more on learn how to adjust the quantity or total value of your products in QuickBooks Desktop, call us on our QuickBooks desktop support number. You can also write to us at support@quickbooksupport.net. For more information visit – www.quickbooksupport.net . 

admin

Related Articles
Quickbooks Support

QuickBooks Support Helps You to Handle Vendor Credits and Refunds!

admin

Here are the steps to handle vendor credits and refunds: How to link a vendor refund check to a vendor credit? A vendor credit is created if the refund is for returned inventory items! Step 1: You need to enter the vendor refund check in the deposit screen To enter the vendor refund in the […]
Quickbooks Support

QuickBooks Support : How to Resolve Performance Issues with QuickBooks Desktop

admin

Sometimes users may experience various types of QuickBooks performance issues associated with the desktop version of QuickBooks that might include slowness or other similar types of behaviors. Mostly, these issues encounter when users attempt to operate their accounting software with a quite large company file or over a small network. If you are willing to […]
Quickbooks Support

Call QuickBooks Customer Care Number to know how to do Job Costing in QuickBooks Online

admin

In this article we will discuss about the job costing in the quickbooks.What are the advantages of using the Job Costing Tool for QuickBooks? So let us start. the QuickBooks accounting software for business administration is built with a blend of outstanding and specialized features and resources that make it the most common and valuable […]

135 thoughts on “Call QuickBooks Desktop Support and know how to adjust quantity and total value of products in QuickBooks Desktop”

  1. Welcome to our Pitbull breeder home were we have been proudly breeding and showing quality AKC registered Pitbull puppy since 2004. Our main focus is to produce show quality pitbull puppies with amazing personalities suitable for their forever family. We treat every Puppy with individualized care based on their needs to give them the best opportunities in life. Click “Available Pitbull puppies” to check out our puppies and dogs looking for new homes.

    Reply

  2. I have been surfing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the internet will be a lot more useful than ever before. https://uptownpugs.com

    Reply

  3. I am commenting to let you know of the fabulous encounter my cousin’s daughter experienced reading your site. She even learned many issues, not to mention what it’s like to have a wonderful giving mindset to have many people just grasp chosen grueling subject areas. You really exceeded our expectations. Many thanks for distributing the informative, healthy, educational and as well as easy thoughts on the topic to Jane.

    Reply

  4. We are dedicated to the breeding of the finest quality, sweet-tempered rough-coated pug puppies at the most reasonable prices. We take great pride in the feedback received from purchasers of our puppies that their puppies have grown up to be very social and friendly adult dogs. This provides us with the necessary incentive to continue breeding these wonderful, loving and loyal companions..
    Our Website Link: https://uptownpugs.com

    Reply

  5. The truth about pit bulls is simple: They’re sweet, smart, hilarious, loyal companions. And we’re not the only ones who think so. Ken Foster’s beautiful book “I’m a Good Dog” continues to climb the charts, and National Pit Bull Day has been established in their honor.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *