Inventory Starting Value adjustment from Asset Register for Inventory Asset account
This new update in February 2016 may have resolved the crucial “Inventory Starting Value” adjustment issues. It’s very important to note that they release these new features to users on their incremental plan. Hope all users will see it soon. For adjustment, go to the chart of accounts > select Inventory Asset account > click […]
How to delete posted transaction to Inventory Shrinkage (COGS) account in new QuickBooks Online?
From the home page screen Go the Company “Gear” upper right corner Select the Chart of Accounts under Settings heading Select “Inventory Asset” account Double click “ Inventory Asset” and the Asset Register for Inventory Asset will open Locate “Inventory Qty Adjust” posted to “Inventory Shrinkage” account to delete Double click the transaction line and […]
How to make quantity on hand inventory adjustment and how would that affect P&L in new QuickBooks Online?
How to make quantity on hand inventory adjustment in new QBO? From the homepage screen, go the Company Gear Select Products and Services under Lists heading Locate and double click on the product need adjustment Click Update button Enter NEW quantity on hand Tab It will automatically show the difference (plus or minus) That’s it! […]